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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Seuss who wrote (4385)	12/14/1999 9:19:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 19428

Are we going higher? ____________________ Mad Dash to Nasdaq By TSC Staff 12/14/99 8:16 PM ET Over the last 12 months the Nasdaq Composite Index has surged some 80%, adding $2 trillion in market capitalization to the stock market's leading gauge of technology-related stocks. And in the last month alone the Nasdaq has leaped more than 20%, setting record after record as investors pile into stocks that promise to take part in building the next century's evolving information infrastructure. Yet it's clear that the fundamentals of these stocks haven't changed so much that they uniformly deserve these remarkably higher prices; clearly, these stories have been driven less by news and analysis than by a pervasive sense that the sector's trend is strongly, perhaps irreversibly, up. Prelude is prologue. At the heart of the move are a handful of stocks whose already tremendous returns this year have lately gone ballistic. For some, like Yahoo! (YHOO:Nasdaq - news), recently added to the S&P 500, the dynamics of the move are at least in some way understandable. But for others, the dynamics of the move are less clear. Why has Check Point Software (CHKP:Nasdaq - news) run so hard in the last week? Where is the deal, the takeout rumor? What closely followed analyst goosed the stock? What's happening with Ciena (CIEN:Nasdaq - news), with Intuit (INTU:Nasdaq - news), with CMGI (CMGI:Nasdaq - news)? In many cases, it seems the biggest reason these stocks have jumped recently is investors buying them on the basis of their incredible performances this year. It's time -- it's past time -- to take apart what's behind this move. To examine who's buying these stocks and why. To take a hard look at the companies involved. And to start asking what happens next.