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Technology Stocks : PUMA Technology

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To: oilbabe who wrote (689)	12/12/1999 7:51:00 PM
From: Rarebird	Read Replies (1) of 851

< Who isn't fundamentally bearish over the next 3-6 months?> I know numerous new era investors who think a bear market is a virtual impossibility nowadays with all the 401K and IRA money that continually pours in, along with overseas money due to the strong dollar. The message over the last couple of years is pretty clear: quit your job, buy a basket of internet stocks and sell short the rest of the broad market, those individual stocks that are trading below their moving averages. This Market is trading at new era or new paradigm levels and the Bears have become an endangered species: they have largely capitulated. Most stocks, however, are in Bear Markets. Most of the new era people may be shallow, but they sure have the $$$$ to support their positions. You can knock them down, but they keep on getting back up. What will it take to permanently defeat them? AOL and YHOO fall over 50% and they hit new highs 6 months later. As for PUMA, we should see over $100 on Monday.

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