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Technology Stocks : USinternetworking , USIX
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To: sailboat54 who wrote (447)8/8/2000 3:22:37 AM
From: Rupert  Read Replies (1) of 605
 
Sailboat> I think you are losing track of the fact that US tech stocks charts do not perfectly reflect the fortunes of the companies they represent. They primarily reflect market and sector sentiment. If I look at the charts of any of the tech stox in my folio (EXDS, FMKT, GRIC, INAP, KEYN, SMRA, WFII) I see exactly the same thing...big run ups during 1999, followed by insane highs in Feb-March 2000, followed by dramatic downdrafts. If you look at the companies in question, they have been busy executing their plans...nothing fundamentally has changed with them. Pretty much the same thing applies over at USIX. The charts for these securities reflect the incredible level of interest in tech and Internet stocks and the market's changing perception of their value. Now, if you purchased these stocks in Feb-March this year you are probably sitting on a paper loss at the moment. You bought at the wrong time. The charts for those stocks couldn't possibly have run up anymore than they did without becoming vertical straight lines. But don't let the fact that the stock dropped dramatically make you think the company is a wipe out. We naturally think if the stock goes down the company must suck, and if the stock goes up the company must be great. This psychology doesn't always work in your favour.
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