Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: 2MAR$ who wrote (6137)	5/26/1999 8:48:00 AM
From: Kimberly Lee	Read Replies (3) of 108040

Just received report from MSCO. Mary Meeker states that DOT (Cramer's Internet index) has a downside target of 452 in the next few weeks, especially given the fact that there are 62 internet related IPOs in the pipeline with the consequence of supply far outpacing demands. The DOT is currently in the 550 area, so Meeker actually is saying that there is another 20% downside even for the blue chips in the net sector. Lauren Levitan and Keith Benjamin already predicted a few weeks ago about similar correction in the sector. Be careful, everyone.

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