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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (92007)4/6/2000 1:53:00 PM
From: Andrew G.  Read Replies (1) of 120523
 
Jenna: I fear it may be too early to anticipate a return to the very high valuations that these stocks enjoyed several weeks ago. I wish it was for certain but they do look like they have the potential to trade higher in the coming days.

My reason for suspecting further gains (though more modest) is because they have held up through most of the day after experiencing such a sharp increase from just yesterday.

Secondly, the comments made by Clinton, Gates, Hoffman and Greenspan were clearly needed and apparently intended to boost morale in a overly sagging market. This could rejuvenate the second and third tier biotechs sometime next week which are still a bit lukewarm at best.
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