Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Eric Wells who wrote (100244)	4/12/2000 7:58:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

I think I know why this is happening. The Internet explosion started in early 1997 just as the "regular" market saw a top in breadth. For three years now the Internet stocks and other related technology issues have had a powerful, historic move, because the companies'growth was unimpeded by the currency crisis and the increase in interest rates generated by the Fed...and importantly, there wasn't much competition from other sectors. Now that the regular market has had a turn up in breadth it is causing a vacuum in money flow for the extended tech stocks. So there is a big, bad sector rotation out of tech stocks in progress. I don't know where or when it will end. I do know (to my satisfaction, and that's all that counts as far as my portfolio is concerned) that the stocks I own have the best fundamental prospects I have found. So, what do I do? Play the tape? Maybe. But when earnings season comes along now and people are reminded of the growth rates and shares of business the leading Internet companies are achieving there should eventually be a return to stability.