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To: sea_biscuit who wrote (439669)8/7/2003 6:01:17 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 769670
 
well the naz is a different animal than the other exchanges so a tough call. The key issue for the naz right now as I see it is the consolidation effect we are witnessing, just yesterday another merger (iman and iwov). We've lost about 40% of the naz stocks since the peak. I don't see any signs of this letting up so consolidation may well bring the naz in line with historical norms. We are down to the same number of issues we had in the 70s now, hard to believe isn't it?