To: Probart who wrote (76797 ) 5/25/1999 5:40:00 PM From: blake roberts Read Replies (2) | Respond to of 119973
Here is the market outlook for Internet's I believe that the surge will be over for 3 months and we shall see some very cheap Inet stocks in this time frame. Alot of people who are getting margined calls are gonna be force to sell and trust me, some people paid some unreal inflated premiums for some of the stocks over the last 1 year. Over the last year or so, we have seen sell offs amongst techs and nets and got some fire sale prices. But in my honest opinion, I feel that this is the end of leaps and bounds and many people should consider the short side of the market like myself. Traditionally we have felt that a rebound will occur but this bubble looks about to burst in a major way. Stocks that still have alot of downside: CMGI, CNET, GNET, PCLN, YHOO, CSCO, BRCM These ridiculous price targets put out by investment banks on Inets like the one on CUST and AOL and ATHM will not work. In the near future, use these as a short medium or indication. There is alot of money to be made in the next 3 months folks, so please dont fret. Remember one thing, stocks go down quicker than they go up so everyone should see some nice day trades on the bear side. My strategy: I always short the gaps on Inets...Let the suckers on Instinet bid these up. Dont get me wrong, every day there will be story stocks like SPDE and CMPD for us traders to make some nice hits on, but in all reality, I feel that the time is right to show some blood in the street and let the people who might have missed the majority of the best bull market in history incur some major gains with the bear mentality. The business cycle and market alike work in cycles. Do the math. See you all on the offer. Good luck! Blake