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Technology Stocks : RealNetworks (NASDAQ:RNWK) -- Ignore unavailable to you. Want to Upgrade?


To: Pruguy who wrote (3320)5/24/1999 4:01:00 PM
From: SBerglowe  Read Replies (1) | Respond to of 5843
 
A delayed response to your query: Just listened to Ralph Bloch who says this this correction could be 10% to 20%. It's not pretty, and this is not a good time to be on margin. The next major support on RNWK looks to be around 64, but if you look at stocks like AOL,it's breaking down. The traders have been bailing and our paper profits are eroding.

I don't know what would cause the net correction to stop. There's a lot of fluff in the whole sector.



To: Pruguy who wrote (3320)5/25/1999 6:51:00 AM
From: B. A. Marlow  Read Replies (2) | Respond to of 5843
 
Thought you were the "wise man," Pru.

What's Ralph's take? Did he call this one?

Just don't buy the inflation/interest rate noise. 30-year bond belongs below 5.5 percent, trade deficit stinks, dollar too strong.

Personally, think the tech/Net rout is virtually over. Not big trading volume, but apparent capitulation, exaggerated by MM manipulation. Just don't see it not bouncing from here. Now moving in to last month of what should be a good quarter.

Taking lumps just like you...

BAM