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

To: pater tenebrarum who wrote (47326)	4/19/2000 3:57:00 PM
From: lawdog	Read Replies (1) \| Respond to of 99985

Tech Sector Not Out of the Woods By David Shabelman Staff Reporter 4/19/00 3:24 PM ET Steven Frenkel, market strategist with investment bank Ladenburg Thallman is targeting 2729 in the Nasdaq, and if that level is exceeded, he could see an extended bear market with the Nasdaq eventually falling to 1990. Frenkel recommends shorting Phone.com (PHCM:Nasdaq), VeritcalNet (VERT:Nasdaq); BroadVision (BVSN:Nasdaq), i2 Technologies (ITWO:Nasdaq), Art Technology Group (ARTG:Nasdaq); Safeguard Scientifics (SFE:NYSE); Network Appliances (NTAP:Nasdaq); Rambus (RMBS:Nasdaq); Broadcom (BRCM:Nasdaq); Kana Communications (KANA:Nasdaq), Redback Networks (RBAK:Nasdaq); Foundry Networks (FDRY:Nasdaq); InfoSpace (INSP:Nasdaq); Adaptive Broadband (ADAP:Nasdaq); Puma Technology (PUMA:Nasdaq); Emulex (EMLX:Nasdaq); Terayon Communication Systems (TERN:Nasdaq); webMethods (WEBM:Nasdaq); Nokia (NOK:NYSE); Xcelera.com (XLA:Nasdaq); and Sony (SNE:NYSE ADR).