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Technology Stocks : OnSale Inc.
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To: DAY TRADER who wrote (2105)12/1/1998 9:57:00 AM
From: Les H  Read Replies (2) of 4903
 
There've been four corrections of internet stocks in last two years, not counting double bottoms as in October following September. The average decline for the big 20 internet stocks has been about 33% with the largest decline in July to September of 50%. So far, this correction is about 15-20%, guesstimating today's action so far.

If one owns a second-tier internet stock, the damage is likely 50% or more.
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