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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: lawdog who wrote (40773)4/4/2000 10:12:00 AM
From: Jason Ellis  Respond to of 74651
 
That analyst in CNN Charles Molineaux was saying the tech sector conservatively is going to make NASDAQ sits at 4000,
wild guess is 3700 with a "Full fletch bear market".

In North American, it is clear that most people moved their holdings (their belief) from the tech sector to the conservative old economy stock. How else do you think wal mart can go up $6? The problem is, once they moved yesterday, (roughly the 350 pt. loss in NASDAQ is the 350 pt. gain in DJ), they are not going to move back anytime soon.