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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (11904)2/12/2000 2:29:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
I2: Yeah, I saw the chart. Since 1990, any correction in the Naz during the first half of the year have been confined to the mid teens. And they have occurred over an extended period of time lasting over a few months.

Re: "I've been following a lot of good growth companies (non-technology) that have broken relatively long-term support levels and are making new lows. Many of those stocks have already seen a bear market of 20% - 40% or more."

The cheap get real cheap in a bear.

Re: ". Only the select few glamour stocks have held the market-cap-weighted indices at or near their highs. If (when???)
these glamour stocks crack, ... well, that will be a critical time for investors."

They are beginning to crack now. QCOM is a broken momentum stock. So is Yahoo. AMZN is fading as well. Don't tell anyone, but the internets have been toast since the end of the year. And I am not talking about B2C exclusively. Many of the B2B stocks peaked as well. EXDS and CMRC are in that category. But the reason the Naz is still up is because the rotation has been fast and furious to other sectors.