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Politics : Ask Michael Burke

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To: PaperChase who wrote (79983)	4/22/2000 7:02:00 PM
From: Les H	Read Replies (1) of 132070

There are periods of illiquidity in both markets. As for telecom stocks, it may be a dip when compared to the prior highs. What is a 10 point drop for a 40 dollar stock that was previously 150 dollars? 10 points is a dip for a 150 dollar stock. The only stocks holding up in the sector, including the telephone utilities, are ADC Telecom, Nokia, Bell Atlantic, and BellSouth. Most of the telecom industries are down 20-30% with the damage more severe in the secondaries. The next leg down in the Nasdaq is probably a good intermediate-term bottom for now.

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