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To: - who wrote (23591)8/8/1999 4:03:00 PM
From: RDR  Read Replies (1) | Respond to of 27307
 
Hi Steve,

My feeling is that with this downturn in the NETS only the best of the breed will survive and more forward. Overall, I think the market is looking for some excuse to drop ie. China devaluation or interest rate hike of more that 25 basis points. When YHOO goes under $100, I for sure will be scooping some up.

Cancellation of IPO's is a good sign but until we see some panic selling to initiate margin calls (most retail folks have bought NETS on margin - or should I say are told to do so by the Traders--low interest rates high returns) across the board to clean some of the remaining access in the market.

Regards,



To: - who wrote (23591)8/9/1999 12:33:00 PM
From: PeterR1700  Read Replies (1) | Respond to of 27307
 
Steve - I think there's good reason to be cautious in this market. Interest rates are definitely on people's minds/lips and the y2k thing also looms a tad.

Somewhere in here is longterm opp - question is where?

Patiently...Peter


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