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To: Justa Werkenstiff who wrote (10259)12/5/1999 6:55:00 AM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 15132
 
The Fed. Pump:

nypostonline.com

I guess I understand why there will not be a bear market before the end of this year <g>. Let's face it though. The folks most worried about Y2K reside at the Fed.

One must also speculate that during this time frame of early next year, tech. investors will be prone to take profits just for the sake of doing so and for the sake of paying taxes.



To: Justa Werkenstiff who wrote (10259)12/5/1999 9:45:00 AM
From: Allan Harris  Respond to of 15132
 
a sudden unanticipated meaningful event.....is a risk here worthy of consideration

The problem is unanticipated and attendant lack of response time. That is why I periodically skim profits off of my other Internet holdings. But in the case of ICGE, my position is relatively light and with a cost basis of $12/share, I'm willing to let that whole stake ride for now.

As far as getting hammered harder than any class of stocks , the Internet is the market and if the sector gets pummeled, the pain will be felt everywhere. So far, Mr. Market has rewarded the risk takers in the sector, but I am under no illusion that this run will go on forever. It certainly has been the place to be the last couple of years, but even I can see some frothiness entering the arena now. Can it last a while longer? Well, that is the question, isn't it?

Biotech: A friend of mine posts on Biotech here on SI, his name is Richard Harmon and he posts in about a half-dozen different Biotech threads. Anyone interested in this sector might find Bookmarking his name and the threads he posts in well worth the effort.

Member 1178063

Some of the regulars in those threads are also worth paying attention to. There is a very knowledgeable brain trust within those ranks.

A