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

To: Mike Petriv who wrote (46604)	4/16/2000 8:47:00 AM
From: Mike Petriv	Respond to of 99985

Reference my comment on the "dot.com, dot.bom, dot.con companies will be dots" It should read "dot.com, dot.bom, dot.con companies will be dot.gone"

To: Mike Petriv who wrote (46604)	4/16/2000 11:42:00 AM
From: SOROS	Read Replies (1) \| Respond to of 99985

OLD MAN's THOUGHTS: If we give the Nasdaq the total benefit of the doubt and allow 17-20% average growth, backdate and average, then we should be near 2800 RIGHT NOW on the Nasdaq! This is steady 17-20% growth for the past 4-5 years. Individual stocks are even scarier if you look at the charts from November, 1999 forward. Sure some have dropped from 200 to 90, but where were they in October, 1999??? Remember, they were mostly on that 17-20% growth AVERAGE until then. I will be comfortable buying all the so-called great stocks when they hit where they were in October, 1999. A few are getting close, but MOST still have to fall another 50%!!! If recession is in the works, then we go lower still. I don't want to think about that yet. I still am waiting for 2800 and 50% on the high flyers. I remain, SOROS