Netscape -- Giant Killer or Flash in the Pan? Message Board

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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: General Crude who wrote (1909)	1/8/1998 11:19:00 AM
From: ahhaha	Read Replies (1) of 4903

NASDAQ looked liked downside exhaustion this morning. Big block market sales in major OTC cos, but absorption, stabilization, and now advancement. The semis look pretty good, but this is a nibble period or short term trade opportunity. I believe as previously mentioned that the techs will get a distribution rally back up. Use it for selling stocks that have made extended upside moves. No point in selling crushed stocks like NSCP. They're DOA. If you have "Asian" stocks, they'll get a pretty good bounce. The Asian markets have completed a 5 count Elliot Downside Wave and it had all the characteristics of a psychological exhaustion wave. Usually there's a pretty sharp rally after that. My guess is to wait and when you feel good again and bullishly warm and fuzzy, SELL. Also, remember I can't predict the future any better than you or anyone else, so you must take the above with a grain of salt.

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