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Technology Stocks : EDTA (was GIFT)
EDTA 0.000200+300.1%Mar 7 3:00 PM EST

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To: Doug Kaiser who wrote (502)7/10/1996 12:53:00 AM
From: Bill Ounce   of 2383
 
This current market doesn't care as much about speculation...

I think there was a major market shift in early June. Speculation is out, earnings are in...

Contrast AMTX, WSTL and PAIR. All three had dramatic increases in the Feb - May timeframe. Mostly on speculation. PAIR investors expect good earnings (we'll find out soon!) so it has maintained its high stock value. AMTX and WSTL don't have this near term earnings expectation, so they fell significantly from their peaks.

If the market mood hadn't changed, GIFT would have risen further on pure speculation. We need significant news, or the manic bull market to return for big gains.
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