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.

Technology Stocks : Multiple Zones (MZON) -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (304)	12/27/1998 6:22:00 PM
From: Brentsky	Read Replies (1) \| Respond to of 475

MZON goes where the other inets go! OK, I'm long MZON. Why? Because there is still momentum in the inet stocks. Sure MZON would have had a correction at some point, but it was pushed to a lower than normal correction Thursday due to bad (maybe illegal) slamming on CNBC, which caused nervous traders to bail. It was a half-day of trading and nobody wanted to worry about their stock over Christmas. Remember, at the end of the day, MZON was bouncing back up because of perceived value and momentum at that price. My guess is that last Thursday pushed the inets lower because of the short trading day, a market made up mostly of daytraders and was the day before Christmas. Monday should bring back the excitement and we could very likely see them run up again. At some point, some of the inets will level off and others will fall and disappear, but I don't think it's next week. Brentsky P.S. All of the web news like cbsmaketwatch are printing stories today about robust economy, how 1999 looks good, etc, etc, this will only push inets higher!