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Strategies & Market Trends : Tech Stock Options
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To: Electric who wrote (36485)3/10/1998 1:21:00 PM
From: Bart  Read Replies (2) of 58727
 
I agree those internet stocks are overbought but, they should outperform the techs in general and will assume a leadership role as we shift from hardware leadership too companies that provide increased bandwidth and everything used to navigate the internet.

As far as those Semi's go...Do you feel there out look has improved or worsened sense they hit the Jan. lows?-I feel like things have greatly deteriorated with earnings estimates scaling back daily.
Most of these are still above their 50dma like NVLS which I believe should see $30 to reflect the new outlook! 30dma is around $37 if I recall right and Amat broke its 50dma last friday and confirmed it won't bounce yesterday and today. They all will follow the leader below the 50 in MO!
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