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Strategies & Market Trends : The Internet Fund: WWWFX - Fund for the 21st Century?
WWWFX 68.29-1.5%Nov 18 4:00 PM EST

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To: DAPerez who wrote ()4/19/1999 4:56:00 PM
From: astyanax  Read Replies (1) of 213
 
Net stocks crash. Precursor to the long-awaited correction? Hearing Net bull analysts like Keith Benjamin, Mary Meeker, and Henry Blodget call for a sharp correction in the near-term is sending investors for cover. Not to mention the big news that Fidelity Magellan and Contrafund have cut back their tech holdings significantly.

Nine of the top 25 stocks in The Internet Fund portfolio lose over 20% of their value. The only "shining performer" of the holdings was Qwest communications, which announced that BellSouth was acquiring a 10% stake.

- Netconductor.com
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