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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (27094)	3/23/1999 12:49:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Here take some comfort that Helene Meisler thinks amat looks vulnerable here ~~Some other technology names that have failed to make new highs but have not yet made new lows include Amazon.com (AMZN:Nasdaq), Yahoo! (YHOO:Nasdaq) and Applied Materials (AMAT:Nasdaq). I consider these stocks quite vulnerable here. With the market in the midst of a correction, it is best to wait for a better buying opportunity. Currently the defensive names mentioned above appear to be the group that will emerge with relative strength when the correction is over. There will likely be a lot of jitters in the market for the next couple of weeks. Not only does the Fed meet next week, but the end of the quarter is also a time when we hold our breath as companies begin to preannounce their earnings. For now, let the downside run its course.