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Non-Tech : TBAE that's E for Entertainment!

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To: cmg who wrote (122)12/10/1999 7:18:00 PM
From: Terry Menia  Read Replies (1) of 163
 
This market will float anything. While I believe we have a good, long term thing here - I am seeing a rotation out of the momentum, "hot stocks" today that I believe will benefit us non-tech microcaps. Of the 20 years I've been playing the market I've seen three rotations that go roughly like large cap, solid tech, speculative tech, and now the newly added .com tech, good micro-cap, highly spec micro-cap and then the POS's and then a market dive. I think we're in the latter stages of the rotation that moves through the solid micro-caps. When the garbage starts to float (some of it already is) it signals the beginning of the end. Having said that, I also believe we're seeing a fundamental demographic shift into stocks that will put a safety net under the "market dive" phase. We should do well overall as this is a growing company with a good story (not being told well) and good financial performance.
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