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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: uclatrader who wrote (12723)5/3/1999 1:38:00 PM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
Shuo:

So far, dips have proven to be great buying opportunities for the Internets... There may come a time when traders don't get their bounce... This will cause a quick exit by many traders at the same time... The resulting 20 to 50% corrections in some of these multi billion dollar cap stocks should present a good buying opportunity... Because these Internet leaders (AOL, AMZN, EBAY, YHOO, etc.), are real companies with proven business plans... The current realization that AMZN may be a longer way off from bottom line "GREEN" is beginning to sink in with traders and investors... No one will ring a bell when the Internet Mania ends... So, some of this rotation away from the Internets in to the broader marker is a way of hedging bets against an unexpected free fall in one of the most overvalued sectors in stock market history...

Jim



To: uclatrader who wrote (12723)5/4/1999 11:17:00 AM
From: Yogizuna  Read Replies (2) | Respond to of 99985
 
Shuo,
All markets are different, so while the Dow may be advancing at a good clip, the SPX or OEX may not be doing so well. That goes for the IIX (internet stocks) in spades! That is a market unique unto itself, and in my opinion, one should never attempt to link what the Dow or "market" is doing with the internet sector. Yogi