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Technology Stocks : DoubleClick Inc (DCLK)

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To: tfk who wrote (2160)5/24/1999 3:15:00 PM
From: Sanjay Varma  Read Replies (1) of 2902
 
Assessment of Net sector:

40% correction is a good figure to hold up to a Net stock during correction.

Here's another: I had fallen out of the habit of checking 100 day MA with net stocks. But all of the net stocks I follow have broken through 50 day MA (DCLK, INSP, BOUT, NTBK, SONE). DCLK has support at 95 based on significant volume traded at this level before and just after the split a few months ago. But 100 day MA is about 81/share. I wonder if the Net sector as a whole is heading for a correction back to 100 day MA ?

I would really appreciate your feedback on this topic. . .

-Sanjay
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