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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Autumn Henry who wrote (58528)	1/6/2000 9:33:00 PM
From: puborectalis	Respond to of 108040

Don't succumb to the naysayers and sell...hold those ponies....".While most experts agree that there's plenty of excess that can be wrung from technology stocks, they also stand by the main premise behind 1999's stock swell -- that even though most Internet companies continue to lose money, all companies will eventually prosper from the rapid spread of the Internet. The main question Wednesday wasn't why, but how long and how far stocks might drop before resuming the rally of the past five years. The selloff didn't stop Goldman Sachs on Tuesday from issuing a list of stocks the investment firm expects to rise at least 35 percent this year. More than a third of the 85 names on that list were Internet-related, including America Online, the leading Web service, and Cisco Systems, the biggest manufacturer of Internet equipment. ''The Internet is the most important business phenomenon in our lifetime,'' said Byron Wien, the U.S. investment strategist at Morgan Stanley Dean Witter. ''I still believe that, but many stock prices were suggesting a profit reality that was pretty hard to achieve.''