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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC

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To: Numberspro who wrote (1030)3/21/2000 12:07:00 PM
From: Mary Baker  Read Replies (1) of 1150
 
I think RRRR is suffering from several things:

1. Secondary coupled with quiet period...automatic drop in price.

2. Nasdaq itself in major correction for last week or so. Many stocks in the Internet/Tech sector are suffering on the down side. Not to mention Biotechs OUCH!

3. Anticipation of rate hike. That pinch should be factored out after today.

4. Panic selling now on the low continues the slide down.

The NASDAQ is now overdue for a rally and it will come. RRRR should/could bode better after quiet period ends on 31 March. Hopefully NASDAQ will be in full rebound at that time before the spring fling into the summer doldrums.
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