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To: SliderOnTheBlack who wrote (5910)1/13/1999 8:05:00 PM
From: David in Ontario  Read Replies (1) | Respond to of 37507
 
Mary Meeker ‘ordered' to talk down ‘net' stocks today? Now read this!

From theStreet.com, Eric Moskowitz, 7:05 PM this evening

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Meeker Shakes Up Net Stocks

Morgan Stanley's Mary Meeker -- who was given the royal moniker recently by Barron's -- urged clients to "take some money off the table" in a report on Yahoo! (YHOO:Nasdaq) this morning. "The feel of speculative excess and making too much money too fast reminds one that greed can be bad," she wrote in bold letters.

These cautionary words sent shock waves through the tech market this morning, and insiders say the statement was one of the reasons the tech-heavy Nasdaq tumbled over 100 points in early trading. "She's fueled some of this hysteria on the upside by finding new valuation criteria for these stocks, so it was only reasonable for her to calm things down a bit," says Lenny Schuster, a hedge fund manager with Gemina Capital. "But it may have shocked people a bit this morning to see her comment on it like that."
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Is that so Mary? And now read this:

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"Significantly, Meeker may have more reason to be cautious than she let on this morning. Two money managers suggested that at Morgan Stanley's Arizona tech conference last week, the firm's technology team may have decided to try to squash some of this Internet mania and Meeker was only following orders. They pointed to how the firm's semiconductor analyst Mark Edelstone downgraded two "Internet-like" companies, Broadcom (BRCM:Nasdaq) and Rambus (RMBS:Nasdaq), Tuesday. But Edelstone dismisses such charges and notes that his call was valuation-driven. "
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Net stocks…volatile to be sure recently…but with INTC, YHOO & SEC all posting great numbers yesterday it's hard to believe that this rally is over…suspect that it will last…don't know how long though. Over today…I don't think so...but the volatility may die down.

Analysts…the whores of Wall Street

David



To: SliderOnTheBlack who wrote (5910)1/13/1999 8:15:00 PM
From: Joe See  Respond to of 37507
 
Slider, I wrote my letter,(CNBC), and they confirmed receiving it, waiting for official answer. SEC gets a copy as well as G.E.
I try to fight it when I see it.
Best Regards & Good Luck To us all !



To: SliderOnTheBlack who wrote (5910)1/13/1999 8:18:00 PM
From: Mike Perras  Respond to of 37507
 
Hey let's face it the little guy is driving the internet market anyway .. the daytrader, say what you will of them, they are keeping many of these numbers running .. if we were still in the good ol bad ol days of not too long ago, the big guys would have all bailed outta AOL, Amazon, Yahoo etc long ago .. Daytraders could careless about Brazil, they are growing in huge numbers & many will get burned but they keep stocks alive because most aren't dumping 10,000 or 100,000 shares at a time .. 1000 's of daytraders are moving 200 & 500 shares at a time. Many buying in on dips & just doing what the big guys did for years except smaller buys .. the market tends to not freak out as fast & rebounds very quickly as well.

Daytraders will soon move into all sectors & the truest big players who control markets will be less & less .. daytraders are through places like SI becoming very knowledgeable & able to play the game.

Trading stocks has taken on a whole new player & the game will never be the same .. good or bad, they are here to stay. They are young & old, male & female .. it's a refreshing change IMO.

Mike



To: SliderOnTheBlack who wrote (5910)1/13/1999 9:34:00 PM
From: R.E.B.  Read Replies (1) | Respond to of 37507
 
Well said my friend.