Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: trouthead who wrote (15145)	12/19/1999 2:42:00 PM
From: HO-MEE	Read Replies (1) \| Respond to of 28311

Its not a problem if you are in the 30-40% that are going up.The technicians get concerned when you see an advance of the major mkt. indices and it doesn't broaden out....to them the few stocks that are going higher and higher, selling at never seen before P/E's is a danger sign for the overall health of the mkt.Personally, I have always believed the adage that it truly is a mkt. of stocks where selection is the key, you have to do your homework.

To: trouthead who wrote (15145)	12/19/1999 3:04:00 PM
From: jon zachary	Read Replies (1) \| Respond to of 28311

>>So I guess what I'm asking is, is it really a problem when 30-40% of stocks are making most of the gains?<< ((((Everyone should be careful and in as much cash as possible after the nasdaq has extended itself so far. We know the high tech naz correction is coming, just a matter of when.)))) My opinion, another month or so. This christmas season has been tremendous. People are waiting for y2k to make high $ corporate purchases. Earnings should be excellent in January. Then all the interest rate and inflation fears will start up again. First to take a clean hit of 30 to 40 % = high tech growth stocks because of their extended run. If we take a look at a five year graph comparing the dow, s&p 500, and nasdaq we can CLEARLY see that the nasdaq has extended itself too far in 1999. ex. siliconinvestor.com also, More Losers Than Winners Make Stocks Vulnerable By Kristin Roberts Dec 19 2:06pm ET NEW YORK (Reuters) - Bad breadth can kill. For even as the sweet smell of technology stocks seems to lure more money into the market, analysts say Wall Street will not escape the peril created by a few highfliers amid so many laggards. An outright awful ratio of advancing stocks to decliners, or market breadth, has technicians fretting about a bearish downturn in the new year. Many say the equity markets are headed straight for a correction, or a drop of at least 10 percent, paring the Street's main indexes back from all-time highs logged in 1999. siliconinvestor.com MY OPINION IS THAT THERE IS PLENTY OF MONEY TO BE MADE BEFORE THEN THOUGH...JUST PLAY, OR RIDE IT THROUGH ALL THE WAY !. jZ