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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: Michael Watkins who wrote (40578)2/18/2000 1:53:00 AM
From: Sultan  Read Replies (2) of 99985
 
We talked about why HUMC could go higher and if you have been watching others in the sector, you'd have seen this coming.. HUMC actually is not that out of line. But I agree a lot of small caps have outrageous valuation. A lot of froth on CDNX. And regardless of interest rates going up, there is a lot of money in the system.. And you can see that from what IPOs are doing..

Today's high on Nasdaq could not have been because small investors are drunk on Techs.. Let's face it, record volume and money probably coming from the likes of financials, consumer sectors what have you.. Until the profits are there in techs and growth is there, hard to predict when the valuations will start to contract. But I agree, things are DICEY.. Too much froth in a lot of stuff. Check out bio techs.. Incredible...
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