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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: art slott who wrote (4129)	5/24/1999 6:41:00 PM
From: jmanvegas	Read Replies (2) \| Respond to of 13157

IMO, I believe that the reverse will probably happen this year in that we should see a very strong summer rally taking the Dow near 12500 and the Naz near 2900/3000. What I believe we are seeing now is like the doldrums from the 1998 summer and more downside may be experienced over the next few weeks. But at any time, techs could visciously reverse to the upside if the street deems that things are getting too oversold. After a very strong summer rally I see a significant market correction which should occur in the fall because of Y2K concerns. The fall correction will be exaggerated to the downside and will set up one of the next great legs of the long-term bull market, especially for techs as we head towards 2001. Now all bets are off if interest rates really spike up and stay there and/or there are body bags coming out of Kosovo/Serbia due to a ground war which would sap our economy and drain the psychological backdrop for continued rising stock prices. JMHO. In addition, I believe that if IATV trades down to the $12-$13 level due to further pullbacks to the techs in general, it may represent the last time anyone will have an opportunity to buy this stock at such a low price. Good luck to you. jmanvegas