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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (48926)3/12/2001 4:15:02 PM
From: Rock_nj  Read Replies (1) of 57584
 
I still think that this selloff is overdone. What has changed since the NASDAQ stood at 2,800 at the end of January? The only thing that has changed is people's perception of the value of high tech companys, because we've had a string of earnings warnings. If anything, we've learned that the overall economy is in better shape than we thought it was back in January. I guess we're seeing panic selling now. I think we'll see a bottom soon, especially if the economic forecast starts looking rosier as the Spring progresses into Summer.
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