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

To: SouthFloridaGuy who wrote (90845)	3/30/2000 4:05:00 PM
From: SBerglowe	Read Replies (1) \| Respond to of 108040

the shorts have had their few days...time for the bulls! da bulls

To: SouthFloridaGuy who wrote (90845)	3/30/2000 4:20:00 PM
From: westpacific	Respond to of 108040

Uptick at close just some short covering, more selling to come - I start buying on Monday afternoon. If the market has another tough day on Friday (which is very likely), then we will have a final sell spurt on Monday morning. Buyers will then begin to bottom fish the tech. sector ready for a Monday afternoon rally. This is my call and how I am going to play it. Way to soon to jump in at the close when Friday is such an unknown. Again the worker factor coming home tonight will play into further selling preassure on Friday. Hard to say what is fair valuation, again as far as NAS stocks it is all percieved value. Making comparisons to other stocks within the sector is also difficult since many have been runup hard. With that in mind, what truly is the value of many of these plays since we no longer look at traditional metrics to value the technology area. I feel that a lot of this is driven by the old money that is pissed off at all the money that they have lost out on! Tonight is time to focus on the shopping list, big established technology plays is the place to look for healthy rebounds. Stick with the infrastructure plays. You can keep VNTR - the accounting issue relating to revenues is a can of worms. Just to look at a chart and see a stock that traded at $240 and is now selling for $60 is a bargain - is it? Again today - major insurance companies, Wellpoint Health, Blue Cross, PacifiCare, Foundation Health etc. are getting together to create a B2b site to purchase insurance online (pounded Healtheon stock today). If the very players that a tech. pure B2b is selling to is creating their own business to compete direct with - were are the clients going to come from. This is a real concern for pure net plays going forward!