Kent,
I tried to do a little research on your question - what is driving the NASDAQ these days. I approached the issue by deciding to look for those stocks that have been doing very well the past three to four months. I found quite a few that have doubled or better in that period. (Sure wish I had owned some of those<g>) This list below is not intended to be anywhere near complete, but rather a sampling of what I found. I'll list the stock symbol, the stock name, the generic business they are in if appropriate, and the dollar value about 3 months ago and the recent value.
BVSN Broadvision, Inc (Internet provider) 6 to 16
ELNK Earthlink Network (Internet provider) 20 to 55
MSPG Mindspring Enterprises (Internet provider) 30 to 60
ACAI Atlantic Coast Airline 25 to 50
HMSY Health Management System 6 to 13
IIXC IXC Communications (Long distance provider) 30 to 60
MAST Mastech Corporation (Information Technology Provider) 30 to 60
IMRS Information Management (Applications Software) 26 to 55
AAPL Apple Computer (How about that?) 13 to 27
Looking at this data, it indicates that internet providers, airlines, health care, communications, information technology, applications software and Apple Computer are driving this market.<g> Not a very scientific or well researched answer I agree, but there may be some truth to it. It is certainly not the semi-equip stocks I am in. |
