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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 103.74-1.2%12:39 PM EST

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To: Rich1 who wrote (38666)3/21/2000 11:58:00 PM
From: Don Green  Read Replies (1) of 93625
 
Investors in Momentum Stocks Face Market's Rewind Button

By SUSAN PULLIAM and TERZAH EWING
Staff Reporters of THE WALL STREET JOURNAL

Welcome to the world of reverse momentum investing.

What was once a thrilling ride through the
stratosphere for momentum technology
investors -- those who chase what is
going up with little regard to fundamentals
-- has taken a nasty turn of late. Take a
look at what has happened in recent days
to a sampling of momentum darlings on the
Nasdaq Stock Market:

Momentum Changes
Some stocks with big followings among momentum investors

Company Tuesday's close 52-week high Change from high
MicroStrategy 72.31 333.00 -78.4%
Abgenix 201.38 413.00 -51.2
Rambus 266.58 471.00 -43.4
Maxygen 85.06 186.00 -54.3
Protein Design Labs 96.31 338.00 -71.5
Silknet Software 160.13 285.00 -43.8
Adaptive Broadbnd 143.00 209.75 -31.8
VerticalNet 197.00 296.75 -33.6
Avanex 155.50 273.50 -43.1
Check Point Sftwre 223.50 295.00 -24.2
InfoSpace.com 159.63 277.00 -42.4
Myriad Genetics 77.69 232.13 -66.5
Millennium Pharm. 136.00 316.00 -57.0
E.piphany 168.88 324.88 -48.0
Incyte Pharm. 118.53 289.06 -59.0
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