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Technology Stocks : Ticketmaster-Citysearch (TMCS)

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To: jk28 who wrote (783)1/6/2000 2:33:00 PM
From: ayahuasca  Read Replies (1) of 803
 
I wouldnt wait too long. It's off 30% from it's near term high (which I peg at 47)and has retraced about 70% of it's recent runup. With the NAS down big the last few days TMCS has held up pretty well (of course it was going down at the end of the year when everythng else was going up) and I think this bodes very well for the stock once the techs find their footing again. Earnings season is right around the corner and we still have all sorts of recent strong buys and buys with price targets more that 100% above current levels. I dont see too much downside here unless the market really gives way. Risk/reward is good for TMCS at these levels. Thats why I am a buyer.

BTW, I would like to encourage anyone to look at the DSL group (COVD,NPNT,RTHM,AWRE) and ATHM as well. I believe all are poised for explosive moves near term. Like TMCS they have all been beaten up of late and stand to run a long, long way.
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