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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (1048)	4/11/2000 3:55:00 PM
From: Sam Sara	Read Replies (1) of 13572

I've seen Naz 2600 bandied about....that seems to be a bit radical to me, but the way down is always faster than the way up. Even if we get to the 3500 range it will be a challenge to figure out what to buy there, given extent of damage at these levels. Has there ever been a market like this one i.e. where momentum is so important? I have my favorite stocks, but they are all tech. In that world, if we keep getting this selling pressure, just on the basis of buying what has gone down the least, I will be forced to buy quality and stay out of concept stocks. The latter have gotten absolutely bludgeoned already. The only thing that is tantalizing is that if this keeps up the media will be singing the death of tech, and the end of momentum-based investing. The more of that I hear, the more wrong it will be..... Let's see how this plays out, odd thing is that there is a fair amount of negativity out there already, and short term moves in market are very hard to call on a consistent basis. With that said, given that we are in earnings and things are moving down, I am assuming we have some more work on the downside.

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