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

To: Eric Maggard who wrote (41376)	2/25/2000 7:23:00 PM
From: fedhead	Read Replies (1) \| Respond to of 99985

PHCM made a decent base before breaking out. So has BVSN.

To: Eric Maggard who wrote (41376)	2/26/2000 1:53:00 AM
From: Dwight E. Karlsen	Respond to of 99985

Eric, >I looked at the stocks that you listed, and yes they do look good. But, I also looked at the earnings, and only one had any earnings. Its PE was over 1000. The stocks that you point out show me what this market is all about. It does not care about earnings, valuations, only stocks that are going up, and parabolic at that.<< Look at ITWO. Even after today's deep plunge and rebound, it ended the day down 25 7/8 pts (14.7%). And yet, it still has a p/e of 1,073. Granted, ITWO sold off supposedly because of the combining of GM's and Ford's b2b online trade exchanges, but then ITWO didn't have a hand in building either of those sites in the first place. CMRC and ORCL did. Nothing changed there. What did change was fear entered the stock exchange wrt ITWO. This is a small happening, but it happened with a b2b stock. Perhaps it's a sign of things to come for other stocks. A change of sentiment can sometimes be sniffed out, like the wiff of smoke from a distant campfire which has spread beyond the circle of rocks. The question is, will the analysts (firefighters) succeed in stamping out the blaze? They came out and tried with ITWO, with some articles saying the stock had rebounded 5 pts after hours. However, my source (bigcharts) shows after hours trading ending with ITWO being up 20½.