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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: Vitas who wrote (10476)	4/10/1999 1:22:00 AM
From: Michael Young	Read Replies (1) of 99985

<<It is atypical euphoria, and it is over.>> I've shorted my share of net stocks. I've typically been toasted when I've done so. The rational you use is no different than the arguments I made/heard twelve months ago, twelve weeks ago, or twelve days ago. A pig like CPQ warning doesn't change anything. It sure doesn't lessen the insatiable demand for bandwith from net users. Net stocks are overvalued for the most part. But to argue that net usage and broadband demand aren't exploding is ignoring all reality. MIKE

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