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Strategies & Market Trends : The New Economy and its Winners
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To: Mark Fowler who wrote (2911)11/11/2000 9:23:19 PM
From: Bill Harmond  Read Replies (1) of 57684
 
It may or may not be. I don't have a clue whether it will or not. The new low list has been contracting on each retest of October 18. Even though Nasdaq closed lower yesterday than October 18, there were half the new lows.

I'm just saying business isn't slowing at Ariba and probably won't be for years, other than by the law of bigger numbers.

As for retests, every stock doesn't come back down with the market. If you look back to the cyclical bear market in 1990, you'll see that Microsoft and Dell didn't come back down to their lows.

Then there's the matter of fundamentals. May was six months ago. A lot has changed in Ariba's fundamentals, and the market's appreciation of them in the last seven months.
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