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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: SMALL FRY who wrote (34553)4/17/1999 11:03:00 AM
From: jan m.  Read Replies (1) of 120523
 
Snall Fry--I like you statement about CNBC fueling extreme sentiments. This week I felt like we were being brainwashed into believing that the net stocks were dead, and all the money was pouring into the commodities. We did see it happening, but in the back of my mind, I kept thinking that the institutions were loading up on AOL, AMZN, the ones they missed out on during this runup. I took 30% of my money yesterday, to diversify, into the oil drilling sector---I think this group is way undervalued if oil prices continue to rise. The rest will be used for the earnings plays, my long term holds won't be touched. If we see economic recovery in Asia, Brazil and the other countries that have been so depressed, how can it NOT be good for net stocks? The internet is how they will be conducting business.
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