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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Elwood P. Dowd who wrote (58820)	4/19/1999 7:30:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

El: The other big piece in Lou Dobbs was a Bull v Bear debate. The Bear was the guy who wrote the WSJ or NYT story this morning stating that Internet stocks were overvalued. The Bull was a young nerdy guy from Merrill Lynch. The Bear said that the Internets will be on a declining trend for three quarters. The Bull said he has heard all this before. He said the rate of growth of the good companies was phenomenal; and although it was impossible to value them, there were no other companies in the market growng as fast, and ML was buying the good ones in controlled quantities (sounded like a drug). He said he might hold off buying internet stocks for a couple of days to let the volatility die down but would be back in buying the good ones after that. He said the internuts advance 3 steps and 2 back and it will drive you crazy if you try to time them. Hold them for the long term.