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Technology Stocks : Intel Corporation (INTC)

INTC 34.27

-1.3%

12:08 PM EST

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To: Road Walker who wrote (93429)	12/6/1999 5:59:00 PM
From: Jim McMannis	Read Replies (2) of 186894

"So when do you think the techs will correct (I assume you don't think the current valuations are reasonable)? Were you calling for a major Y2K correction towards the end of October? Still think that is in the cards? Personally, I never remember a rally as relentless as this one in the NASDAQ. We are long overdue for a healthy pull back, and I would rather see it sooner than later." I'm just as stunned as you are. I figured some stocks would melt up because of Y2K but not this many. I thought we'd be wallowing closer to 10,000 on the DOW than 11,000. Still 27 more days left I guess. If ever a market had an excuse to correct, Y2K is it...but right now it looks like trees are growing to the sky. More interesting is that if Y2K passes without too many glitches the markets could explode even more to the upside...whew... Jim

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