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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (19404)	5/19/2000 1:25:00 PM
From: Gut Trader	Read Replies (1) \| Respond to of 35685

Looks like navellier may neuter the tech bull Navellier Fund Mail by: Louis Navellier ---------------------------------------- Friday, May 19, 2000 The Nasdaq market meandered lower yesterday driven mainly by rumors that the government will put a stop to the MCI Worldcom/Sprint merger and continued uncertainty over interest rates. Investors showed little conviction as we witnessed another "yawner" in volume. We are definitely experiencing the low volume blahs. The only way to counter balance the light volume is to be more diversified in different industry groups. The technology stocks are currently vulnerable, so it is important to have exposure to other industries such as the oil service sector and generic pharmaceuticals. We monitor the stocks week by week on a trailing 52 weeks basis, and our system is watching a lot of the growth stocks that got hit recently very carefully. I expect these stocks to rebound almost immediately, but if they do not, they will be trimmed from the portfolios. We are in the summer doldrums right now. In June, the analysts will probably revise their earnings estimates higher for many of our stocks. I am going to count on a lot of those positive earnings estimate changes to propel our stocks higher. In July, we will have companies release their earnings. Our system will likely spread out into more industry groups to lower volatility. We will continue to carry a significant amount of technology stocks and we expect them to rebound.