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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (19176)	8/10/1999 8:34:00 AM
From: Dave Shares	Read Replies (1) \| Respond to of 43080

<<If the SPX drops 50 points, I expect the DOT to try hitting 400. Which is 20% from here and I expect the big inties to take a whapping of a life time.>> AT, First of all, I would think that the DOT will test 400. And if it does, that will still represent a 40% gain over the July 1998 high and almost 200% over the Oct. 1998 low. As far as the big inties taking a beating, CMGI at 55 is still 150% above its July 1998 high, and 500% above its low in Sept/Oct. So it may be a beating for those holding at higher prices, but relatively speaking, some of these companies have had simply astronomical gains and are coming back to what may be considered as more reasonable values. When a stock trades at a 52 week low, that to me is taking a beating. The good internet stocks are nowhere near those levels. And now I will stop blabbering and get to work. Good luck today. David