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To: Sarmad Y. Hermiz who wrote (50553)4/15/1999 12:25:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
I think fund money is flowing from the nuts to traditional companies. I don't think
money is just leaving the stock market. So probably there is no crash imminent in any
sector. The selloff in the internets just takes them back 2 or 3 days. No comfort if you
bought yesterday.


Agreed!!!!



To: Sarmad Y. Hermiz who wrote (50553)4/15/1999 12:31:00 PM
From: Greater Fool  Read Replies (3) | Respond to of 164684
 
I think fund money is flowing from the nuts to traditional companies

That has to be what is happening, because the S&P500 is only declining slightly, while the nets are off several percent.

To me this would indicate a buying opportunity, because the fundamental factors driving investment in the internet sector have not changed. Yahoo is just as cool as it was three days ago, Amazon is still selling a lot of books, and the dream is still alive.