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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: Jon Stept who wrote (14895)	5/25/1999 4:31:00 PM
From: Vitas	Read Replies (2) of 99985

Jon, the number of successes or failures in the internet industry will ultimately be important, but what is germane now is that we just had a speculative bubble peak in April, and they are all going down. In the 1992 biotech bubble, one of the ultimate survivors, Genzyme, corrected 2/3 before the price came back. Many of the others never returned. Vitas

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