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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (4269)	11/10/2000 1:52:49 PM
From: Dave Gore	Read Replies (1) \| Respond to of 8925

Kevin, I tend to agree with you, but like I said a lot of people are finding it very hard to pick a bottom in their favorite tech stock. For example, SUNW looked good at $102 the other day, many said. Now, a good deal at below $91? How about intraday tomorrow if it hits $88? IF the NAZ closes below its low for the year today, then what? Again, I tend to agree with you that the NAZ will certainly bounce back up by at least 10-15% from it lows....but the big question - "when will it reach its lows and how low is low? Meanwhile while many keep betting on this likely bounce (and are losing money), trend followers have long since rotated into sectors that have made them great returns in the last few weeks and months.