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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (11627)	5/19/2002 10:16:23 PM
From: techanalyst1	Read Replies (1) of 57684

What do you mean we have nothing? There are lots of stocks that are making new highs (maybe not techs) and some techs that are near the top of their ranges.... some have doubled or more off of Sept levels and there are some that are even up since Jan. 1st of this year. 8-11% gains should be considered good gains, not the gains we had the last few years. That means a stock that closed the year at 20 in 2001 would be a great stock if it were to close 2002 at 22 or more. Maybe we're just being too impatient and expecting too much. There's more to "the market" than tech and there's a good possibility that the great stocks of yesteryear will vastly underperform in the next decade due to a maturing or relatively saturated market. TA

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