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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (19785)	2/10/1999 12:47:00 AM
From: Michael Rich	Respond to of 70668

Clint, thanks for the thought. I need tomake a decision on trading vs. investing in AOL. I feel that AOL has this "tech blue chip" label now and it can grow as a stock like CSCO and MSFT. I agree that one should not expect $DOT flying forever. >>You've been in the market for many years and you know that in the last few years we've never had as many splits or as much excitement about splits. Stupid, right? I think the split excitement is over for now. << No kidding. I've never traded so many stocks that are well over $100 at the same time. I DO believe these splitting stocks should do fine over time. BTW, did VECO report after close? Take care.

To: Clint E. who wrote (19785)	2/10/1999 7:30:00 AM
From: Iris Shih	Respond to of 70668

Clint, I read some reports from GS conference. Actually some big tech companies still feel bullish for the near term future, ie intc, dell. So what caused the market be nervous? I think MMs are really good at gearing the crowds toward valuation concerns. Inflation? I don't think so. Emerging markets are still fragile. Where are all those rising rate talks coming from? Up before bonds closed yesterday, everything looked stable. Even I had 1 5/8 gain on csco. Tech stocks looked like heading for a rebound. And then in the last hour, all the selling came out. Was that retailers selling? I don't think so. I am not going to touch internet stocks for a while. Let the dusts settle down for a while, even aol. Mary Meeker said that a 25% correction on the nets is healthy from here. Do you notice that people sell into split, ie inkt, yhoo? I am glad that I got out of my last internet play, ie bcst, brcm with some profits the other day. Actually they looked relatively stable. But now valuation becomes a big issue here. Need to sit back and watch. Sell into rallies. Maybe we should study some shorts or puts for the rallies. Or just step back and take a vacation. Iris