VIAS VIASOFT & THE Y2K PROBLEM Message Board

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Technology Stocks : VIAS VIASOFT & THE Y2K PROBLEM

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To: Grashopper who wrote (1764)	10/10/1998 12:07:00 PM
From: TsioKawe	Read Replies (1) of 2067

ANOTER TOPIC Here is what I just found. Hang on for the ride. Well, I think is safe to say the NASDAQ has been beaten, ripped, torned, battered, slammed, hammered, and some.....but it looks like the worst is behind us. Thursday's carnage which took the NASDAQ -101 before a late rally may have been the worst of it. DOW still needs to test lows again, however the NASDAQ has been oversold compared to the DOW. I'd be looking for nice BULL rallies to come this week because of many TECH stocks announcing earnings expected to BEAT STREET ESTIMATES. INTEL, APPLE, EXCITE will surely beat street estimates. This will give the NASDAQ nice rallies all week long. FED ACTION: Greenspan and friends may be moving in to cut rates before end of next week to avoid further capital damage.(BULLISH) IMF fund approval of 18Billion is a definite BULLISH sign(should be approved this weekend) LEWINSKI and IMPEACHMENT NEWS are now old and out of the market.(BULLISH) Over 781 Billion sitting in Money Market Funds. Any signs of market correction to the upside will be very dramatic when all this money flows back into Stocks.(VERY BULLISH)-(FED 50 basis pts cut could be the trigger) EVERYONE SELLING BONDS-MASSIVE SELLOFF(VERY BULLISH) EXCITE will post a profit!!!!! (VERY BULLISH as it will bring credibility to NET STOCKS by having the number 2 portal with better than expected earnings) SEEK and DISNEY news to flood newswires very soon with details about GO. NASDAQ oversold...chart shows BEARISH TOP indicators along with BEARISH MACD however, STOCHASTICS clearly indicate an OVERSOLD position and now turning BULLISH. This tells that reversal is upon us so HANG ON!!!! Next support\resistance is 1600. TsioKawe

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