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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (4547)	4/19/1999 4:43:00 PM
From: EyeDrMike	Read Replies (2) of 118717

many of these internets were way overbought. look at AMTD at 188, or NTBK at 249. Or even the NAZ 100 which more then doubled since 10-98. Hopefully, this is nothing more then a healthy and necessary correction. I still think the internets are only in their infancy, and with the new internet funds coming this year, will make internet valuations take off. It is interesting to note that some of these internet stocks that have had huge gains this year, did hold some TA support lines in the midst of the bloodbath. Others sold off on relatively low volume. As far as EGRP and MSFT tomorrow, AMTD recently reported double analyst estimates, and EGRP may surprise as well. MSFT is off recents highs, and usually manages to do well at earnings time. Mike

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