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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Jenna who wrote (4530)2/13/2001 6:09:55 PM
From: ColtonGang  Read Replies (1) of 6445
 
Techs may be down in the short run, but the future economy depends tremendously on technology. I feel that this quarter will be the nadir for them. Market mentality will swing back by the late spring as Dow stocks are boring to the majority of former Nasdaq investors. Don't you think next year's earnings will easily beat the last and future two quarters? I remember when the market mavens beat down the likes of Intel and Texas Instrument only to see them skyrocket a year layer. Where there is earning momentum, there will be stock buying. Techs are cyclical and we're in the lowest point in the parabola.
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