Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: chowder who wrote (62071)	3/13/2000 7:13:00 PM
From: upanddown	Read Replies (1) of 95453

dabum Why would you think the QQQ splitting would have an effect on the stock price? The QQQ moves in lockstep at 5% of the Nasdaq 100 which moves in lockstep with the price movements of the weighted 100 stocks in the index. siliconinvestor.com Seems to me it will just trade at 2 1/2% of the index. As far as passing the Dow.....hmmmm. The Nasdaq 100 is the most grotesquely overpriced group of stocks in the history of any stock exchange anywhere. Average PE's are far in excess of 100 (for the few with earnings) and easily surpass Tokyo 1989. It is the purest of speculating, trading pieces of paper that have no connection to the underlying companies and hoping you will have a chair when the music stops. Also, Dow Jones has started replacing "old economy" junk with NASDAQ hi-fliers like MSFT INTC to try to goose DJIA performance. CSCO SUNW and others may be next so the two indexes may resemble one another as time goes by. Now if the Dow falls to 5000, your scenario might come true. disclaimer: Disregard everything I said. I've been dead wrong. Put your dough in QQQ's. You'll make a bundle. John

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