InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 81.73

-2.5%

Nov 7 9:30 AM EST

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To: trouthead who wrote (15145)	12/19/1999 3:04:00 PM
From: jon zachary	Read Replies (1) of 28311

>>So I guess what I'm asking is, is it really a problem when 30-40% of stocks are making most of the gains?<< ((((Everyone should be careful and in as much cash as possible after the nasdaq has extended itself so far. We know the high tech naz correction is coming, just a matter of when.)))) My opinion, another month or so. This christmas season has been tremendous. People are waiting for y2k to make high $ corporate purchases. Earnings should be excellent in January. Then all the interest rate and inflation fears will start up again. First to take a clean hit of 30 to 40 % = high tech growth stocks because of their extended run. If we take a look at a five year graph comparing the dow, s&p 500, and nasdaq we can CLEARLY see that the nasdaq has extended itself too far in 1999. ex. siliconinvestor.com also, More Losers Than Winners Make Stocks Vulnerable By Kristin Roberts Dec 19 2:06pm ET NEW YORK (Reuters) - Bad breadth can kill. For even as the sweet smell of technology stocks seems to lure more money into the market, analysts say Wall Street will not escape the peril created by a few highfliers amid so many laggards. An outright awful ratio of advancing stocks to decliners, or market breadth, has technicians fretting about a bearish downturn in the new year. Many say the equity markets are headed straight for a correction, or a drop of at least 10 percent, paring the Street's main indexes back from all-time highs logged in 1999. siliconinvestor.com MY OPINION IS THAT THERE IS PLENTY OF MONEY TO BE MADE BEFORE THEN THOUGH...JUST PLAY, OR RIDE IT THROUGH ALL THE WAY !. jZ

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