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Non-Tech : Invest / LTD
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To: drsvelte who wrote (12513)3/16/2000 4:44:00 PM
From: Thean  Read Replies (3) of 14427
 
If we use the two panic selling events in January as our guidance for how to anticipate this Nascrap rebound, I think we have made the bottom. The sign is in whether we get a follow through tomorrow or not. The complication is we have the CPI out tomorrow but it's also option expiration. Lately option expiration day is all but calm and quiet. So we can be going for wild rides again. But if the beaten down techs (e.g. like all our semi's) can close up/neutral, then we should continue to head UP based on the two buy-on-the-dip January precedents. If we reverse down (unlikely), then the pain may go on a little longer to build the base. The panic fire sales this morning looks like a classic bottom in this once-in-a-while tech wreck.

MERQ - Stefan - MERQ is the biggest player in the e-commerce/internet application testing space. With all the b2c and b2b, this space is absolutely on fire and their biggest customers include who's and who's with the b2c and b2b presence. This is truly one that I sold way too early ($50 ago!). Glad to be able to make up some missed opportunity today. If you have the stomach, hold this one like you would hold RFMD and other premium, (e.g. T1) semi's if your cashflow permits.

CNXT - I need to study the option position to know if MM's want to lock it in at $80 for tomorrow's expiration. Will report back later. Look like a down-but-can't-get-up T3 at the moment.
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