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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Shirley A who wrote (36098)	4/23/1999 1:09:00 PM
From: Jenna	Respond to of 120523

1.<< Keith Benjamin is reported in today's CBS Marketwatch as saying that Internet stocks may fall in the wake of AOL and AMZN earnings reports next week. What do you think of this? I'd hate to go through another Internet stumble like the last one and am wondering if I should get out of my Internet holdings when possible.>> I think there will be a selloff just a tad before the big ones report, it probably will not be as bad as Monday's but more like another natural correction. I certainly would not hold any serious net positions the very end of April but neither will I sell my little 'internet remnants".. The other reason I think the sellof won't be so bad is because there is renewed respect for the internets because of the spectacular revenue growth, new earnings for some etc. They have proven they can be strong and compete with the technology and othrs. I think we can expect run ups of 20-25% and more and then little corrections of less than that and more run ups. The only thing we are doing on this thread is that we are sticking with first tier internet stocks with 'good relative earnings growth and revenue' and not some of the more iffy ones that could go either way. If you notice we don't jump on the new ipos before we have a chance to evaluate them. We stick with the same 20 or so nets and trade them cyclically. When some are correcting we get the others and when others are overbought we sell we wait for those correcting to bottom. That's what I did with ISSX, waited patiently for weeks for that one to finish correcting etc. Now AOL had a few bad days and I think its due for a spurt.