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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: TechMkt who wrote (5450)4/14/2000 10:13:00 AM
From: Big Bucks  Read Replies (1) of 15615
 
Fez, some good news reported by Maria this morning. Abbey
has a 35% weighting in technology and telecom stocks. Once
the market digests this the telecoms will rally, IMO. We
should be close to a bottom on the Naz, flirting with the
200day moving average. There are some real bargains to be
had right now in solid infrastructure stocks. Once it is
apparent that the Fed will raise rates the money will cycle
out of the DOW and back into tech and the Naz. It will
just take a favorable catalyst to start the reversal. Markets are skittish right now, lots of money on the sidelines waiting for the right circumstances to come back
into techs with substance and real future growth/profit
potential. It is a waiting game. Patience is the key!!!

Just my opinion,
BB
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