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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Traderhic who wrote (4339)	1/13/1999 10:23:00 PM
From: Trader J	Respond to of 56535

Traderhic: KLOC - Is an issue we are following here on this thread. Believe that it does have a bright future given two conditions: 1) The Inets stay hot and 2) Inet IPOs still must draw major attention. I don't see anything yet that seriously threatens the Inet craze ..... yet. However, today's revaluation will certainly put doubt in many minds and although not a mortal wound, it can be a deep wound that will fester. For the most part, people have short memories of getting burned, however, everyone knows the perils of the Inets and nothing is safe should another revaluation occure. We saw it today, and the first time it happens, most will dismiss it and see only new value. The second time it hits like this, I do not expect such a speedy recovery. Trade well. TJ