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To: American Spirit who wrote (79385)6/15/1999 1:30:00 AM
From: TsioKawe  Respond to of 119973
 
Maybe true, but realisticly the Dow, Nasdaq and S&P are only down 4% from their alltime Highs. Alot of Red this month and these issues are holding up well. when Bond yields were 7-7 1/2% the Markets could only sustain 6500 DOW..Now we are at 6.1% and holding 10,500+, Something is wrong with this picture.I dont understand it ..I just want to make More Money..hehe..US economy has topped out, businesses must produce earnings In overseas markets..Global EBusiness is the place to be...INETs maybe lame for a while yet...I think.

TK



To: American Spirit who wrote (79385)6/15/1999 2:29:00 AM
From: If only I'd held  Read Replies (2) | Respond to of 119973
 
Look for October levels in some of these issues. AMZN, DCLK, EBAY, AOL, etc... They still have a serious butt-whippin ahead of them in my opinion. The problem is that they are dragging other things down with them, as traders close out more favorable investments to avoid taking the loss on some of these issues. Let me tell you, they are just digging the hole deeper by doing that. But who am I??? Margin calls are going out all over the place. Once these traders get wiped out, they won't be around to bounce this market. Just when you think they can't go any lower.....

AOL could go to 5 and still be expensive in my opinion.
EBAY could go to 50 cents and trade at 1x revenue.

I've got a couple of stocks that trade at 1/2 their revenues and have small floats. I feel OK.