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Technology Stocks : Advanced Radio Telecom (ARTT) -- Ignore unavailable to you. Want to Upgrade?


To: Mooster who wrote (1031)4/11/2000 1:43:00 PM
From: Obewon  Read Replies (1) | Respond to of 1176
 
If you look back about two to three weeks, there was a survey of money managers which revealed that a majority were going to significantly reduce their exposure to telecom stocks.

Lo and behold, three week later, the riskier telecoms have given back 50-75% of their gains overs the past six months.

This is typical sector rotation activity. Expect a mid summer rally but its doubtful that the stock will return to its previous high flying level by the end of the year.

Obewon