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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jags who wrote (40783)	2/19/2000 7:19:00 PM
From: Benkea	Respond to of 99985

re: speculation Good ole Bearon's had a piece on "The Russell 13". It seems 13 stocks contributed 51.4% of the Russell 2000 gain since 6/30 and 20 have contributed 63%. PS. 8 of those 13 are losing money, and the other 5 have P/Es ranging from 73 to 1010! What speculation?

To: Jags who wrote (40783)	2/19/2000 7:57:00 PM
From: Michael Watkins	Respond to of 99985

Speaking of newbies, the following story comes to me on Friday morning last week, courtesy of a senior VP of one of the largest online brokerages - the quote is almost verbatim "Why just the other day an elderly gentlemen with a sizable portfolio sent us instructions to close his positions in a wide variety of typical blue chip investments, and invest it all in the tech market. While we are trying to work with this fellow to restrain his enthusiasm, many of us in the office can't help but wonder if this is a typical 'its the top' story we expect to hear more of". I kid you not.