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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (38341)	2/5/1999 7:30:00 PM
From: GST	Read Replies (1) \| Respond to of 164685

Mike -- Be careful, he has a horse.

To: Mike M who wrote (38341)	2/6/1999 2:01:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164685

You think the correction is over? << Mike- i do believe there's more near term down side and a retest of Fridays intraday lows. However, I can not stress enough the need to be very selective for this is the year of the stock picker. Be patient and use the weakness to accumulate those issues that look attractive technically. Keep some powder dry in the mean time. We could go to 2220-50 on the Compx that would be about 10% percent correction. So far the DJIA has experienced a 5% correction from this year's highes on a second retest 1/25/99, so if the primary support level, 9087, is broken, then the prospects for a 5% to 10% sell increases to the secondary support 8676. A decline on profit taking should come as no surprise in the large cap techs especially when one calculates the superb returns we enjoyed from the market's October 8, 1998 lows. Enjoy.