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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Trey McAtee who wrote (189)	12/3/1998 5:04:00 PM
From: uu	Read Replies (2) of 99985

Trey: > i just dont get it...its like people have sublimated their stupidity regarding the net stocks by investing in semi and semi eq stocks. Well if you think about it, it is really not that difficult. Just like the last turn of the century the world is introduced with something totally new. Internet computing will be the basis of doing business in the 21st century. Now considering that stock prices usually represent the conditions of the underlying business 6-8 months in advance, the current run up in the semis is just the beginning of the huge advances to come. Shorting semis at this time is similar to standing in front of a fast going train trying to experiement if the train would stop if it sees you standing in front of it!! The next semi upturn cycle will start in early 1999 and will last much longer than the previous one we had in 94-96 (thanks to the internet computing model). As for the net stocks run up (which in most cases is absolutely idiotic at this time) all I can say is stock prices do not reflect the present conditions, but rather what to come in 6 to 8 months. Having said that, the run up in net stocks is more like what to come in 2-3 years from now! Regards, Addi Jamshidi

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