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Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1 -- Ignore unavailable to you. Want to Upgrade?

To: Kevin A. Lynch who wrote (561)	8/4/1999 6:08:00 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 1013

hard to explain the move here.....other than the context i suppose...and the never ending question...what should it be valued at. nasdaq closed below 2550....not good. next support at the 2400+ level.... if we go to 2425...that would take us to a 15+ percent correction in the nasdaq. transports have fallen below 3316....very very bad. the only thing standing is the dow which must remain above 10490 or it could fall to the 9500 level.... how will sone's price work out in all of this....who knows. If we had...and were given this time....more transparancy regarding the future outlook....besides the general story...but more specifics on mgmt's views of the qtrs to come....I think we'd be in better shape...this is where just such information counts a lot. But we won't be gettting that. I'm still holding my ammo.... if we break support...than next stop is low 20's...in which case i would add something to my position there. this is a bit of an unusual move in the nasdaq this time around...not quite like previous sell off's in the last 5 years.... guess we'll see. Certainly....margin would be the last thing I'd want to be holding at the moment...and indeed some selling will probably continue just on margin account liquidations alone. Hope I didn't bring down your excitement re: yesterday's cc.... Just kind of tired at the moment. regards Joel