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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: JRH who wrote (1359)	4/19/1999 7:35:00 PM
From: KY	Respond to of 54805

Was convinced that Nasdaq would not break its 50 day moving average. Wrong. Quickly hit limit orders in AOL and UNPH I completely forgot about, never thinking the market would go there. Oh well. Too early to bottom fish? Starting to drool again over the likes of QCOM, AOL, UNPH, CSCO, and PMCS (which almost completely ignored the sell off). KY

To: JRH who wrote (1359)	4/19/1999 8:08:00 PM
From: DlphcOracl	Respond to of 54805

Justin: "You live by the sword, you die by the sword". I say "you" euphemistically since I own a pure internet/technology portfolio also and got slammed today. How long will it last? History tells me that if/when the Nasdaq falls 25% off its high, buyers come flying back in and there is a strong rebound, i.e., the Nasdaq can still fall back further, to the 2100 level. Since there are no fundamentals behind this sell-off (poor earnings reports, world economic meltdown, hedge-fund scare, etc.) I doubt it will retreat that far. Take some comfort in that we are still up significantly for the year.