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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (44474)	6/15/1999 8:04:00 AM
From: kendall harmon	Respond to of 120523

More on the current market climate and the net stocks from James Cramer of TSC: Much of your email of late has a desperate quality to it, hoping that I will come out and "recommend" AOL (AOL:NYSE) down here. I am not a broker trying to get a commission or an analyst trying to make people feel better about owning something that is going down. I don't recommend anything. I am a stock picker and right now picking AOL would cost me more than I can afford.... I watch the DOT like a hawk. It got annihilated Monday, but it is still way, way up there. As long as the DOT stays high and the group trades lockstep, it is too hard to make money with these stocks. So even though I see values being created I want the forced margin selling, the mutual fund net redemptions and the derivative hedgers to finish before I commit any more capital to this now-bleeding sector. I want the losses from the Net off the business front pages. I want the sector to calm down. And I certainly don't want any more new dot-coms created. The supply overhand is frightful.