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Technology Stocks : DoubleClick Inc (DCLK)
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To: Trey McAtee who wrote (2234)6/3/1999 6:22:00 PM
From: zalesky  Read Replies (2) of 2902
 
To McAtee: I agree. We are WAY OVERSOLD in the net
sector and in DCLK itself. Problem at this juncture
and by reading other threads are the amount of people
who have had to sell due to margin calls. I'm in CASH
so this will not be a problem. I would tend to think
though, that most of the folks who we're burned have
already sold. I know a few people at work who did
buy a few net stocks are margin and are now Singing
the Blues after losing their Shirts!! The Big Boys
have done a Fabulous job of wringing out the weak
hands in the net sector. The positive scenario with
the selling is this: A mountain range of denero is
rising higher than the Himalayas to the sidelines
every additional day the DAQ and net sector corrects.
This money WILL be put to work eventually and I
think the timing of this MASSIVE move back into the
DAQ will occur in another week, maybe two. Internet
fever has been dampened recently but the Big Boys
and corporate America (aka Merril Lynch) KNOW damn
well that the Net will change EVERYTHING. They cannot
afford to be out of the sector for long. I still think
the bottom will be seen when AOL cracks 100 intraday.
The fierce buying will be phenomenal sending a message
to one and ALL that this SAVAGE correction has run its
course. Good Luck, stay STRONG and hopefully LONG in
DCLK!! GO BABY!!!
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