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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (5854)6/14/1999 4:13:00 PM
From: Investor2  Read Replies (2) | Respond to of 15132
 
Re: "Brinker is quite pleased with this internet market action as he has said. I am impressed that so many parts of the Nasdaq and overall market stand strong in the face of this meltdown up until this point."

I too am impressed (and somewhat surprised) that the market is holding up so well in light of the internet stock meltdown AND the big move up in interest rates. I'd also tend to agree that Brinker seems pleased with the market action, since he sounded much more positive on this week's show, as compared to two or three weeks ago.

Best wishes,

I2



To: Justa Werkenstiff who wrote (5854)6/14/1999 5:41:00 PM
From: Investor2  Read Replies (2) | Respond to of 15132
 
Re: Internet stock meltdown

As you correctly pointed out, there was a big drop in internet stocks today. My urge to bottom fish started to kick in until I looked at this chart:

techstocks.com

There is certainly no bottom fishing going on there. The stocks are still relatively close to their highs, from a historical point of view.

Best wishes,

I2


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