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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (20461)	4/15/1999 10:43:00 PM
From: dennis michael patterson	Respond to of 42787

I posted my trades. AOL and EMC. It was a GREAT day!! The PEI guys are suggesting the Naz could go to 3000-3500 by summer, then a meltdown. Can't wait!

To: Electric who wrote (20461)	4/15/1999 10:58:00 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 42787

Comments All!! This is from Briefing.Com tonight. General Commentary: Based on yesterday's closing rally in the Nasdaq, investors are asking themselves if the correction is already over, just two days after it started... Briefing.com's short answer to that query is "no"... Large-cap sector leaders, though off their highs, remain well above their long-term moving averages... Valuations also hard to support in climate of slowing revenue and (in some cases) earnings growth... Secondly, if Net sector correction follows pattern set by similar pullbacks over past year, top shelf names will fall by between 30%-40% from their highs, while secondary names will drop by between 45% and 60%... Table below suggests that there this is still plenty of selling left... And as long as Net stocks remain weak, psychology in tech sector will remain blue... Without participation from the heavy hitters and/or the Internet group difficult to see how sector will sustain yesterday's closing pop. Stock Price % Off High Amazon (AMZN) 167 1/4 16% America Online (AOL) 144 1/16 18% CMG Information (CMGI 276 1/4 16% DoubleClick (DCLK) 127 7/8 22% Inktomi (INKT) 119 3/16 25% Net.B@nk (NTBK) 160 36% National Discount Brokers (NDB) 55 1/2 36% RealNetworks (RNWK) 180 32% Visual Data (VDAT) 28 7/16 39% Yahoo! (YHOO) 194 5/8 20%