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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (53722)	10/3/2001 3:48:31 PM
From: Jacob Snyder	Respond to of 70976

re: Nas 2K? These aren't precise numbers, they are rough ranges, nothing more. Yes, I doubt any move much over 2000 for the Nas is sustainable, there are so many people who remember the huge paper gains they used to have, or who have a cost basis far above today's prices, there is huge overhead resistance. The best possible scenario for the shortterm, is a return to the pre-9/11 Nas range of 1650-2200. All the other likely scenarios are worse. We need to form a base before going up (haven't even begun), and the market needs a good, solid reason to go up. It will, but not yet. Today is just a reflex rebound from the late-September selloff, IMO.