Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tradelite who wrote (42193)	5/27/1999 1:26:00 PM
From: Susan G	Respond to of 120523

She did say it. I'll try to find the quotes. I read it again this am.

To: Tradelite who wrote (42193)	5/27/1999 1:28:00 PM
From: Susan G	Respond to of 120523

Here it is - from yesterday am, a good bit of her estimate has happened already IMO since then. DLJdirect News Alert! triggered at 11:33 5/26/99 Internet stocks mostly lower after early rally Internet stocks mostly lower after early rally NEW YORK, May 26 (Reuters) - An early rally attempt by Internet-related stocks ran out of steam Wednesday and the group continued to retreat from highs set several weeks ago. Alex Cheung, portfolio manager of the Monument Internet Fund, said he has been buying the stocks on weakness and was not concerned. "We know that between April and August technology stocks tend to be weak anyway. It's normal," he said. "I think the correction is pretty much over and we will see some stabilization in the next few days." The downturn Wednesday was fueled by unconfirmed reports that influential Morgan Stanley Dean Witter analyst Mary Meeker said she expected more weakness. Meeker was not immediately available for comment. At mid-morning, America Online Inc <AOL.N> was off 2-15/16 to 112-1/8 after falling as low as 105-7/8. Amazon.com Inc <AMZN.O> was off 1/2 to 111-1/8 after going as low as 104-1/2. Yahoo! Inc <YHOO.O> recovered to 127-7/16, up 1/2 after trading as low as 120-1/2. The losses extended what has been a rout in the sector. At current prices, Amazon.com has lost more than 50 percent of its market value since peaking at above 221-1/4 while Yahoo is also off nearly 50 percent from its highs. AOL, which peaked in the 170's, has shed more than one-third of its market cap. Cheung said that after strong gains last year and in the first quarter of 1999 "it's not untoward that investors take some money off the table." He noted that there is confusion over how the stocks should be valued, which is normal for development-stage companies in a young industry. Cheung said the five biggest holdings in his fund are American Online, CMGI Inc <CMGI.O>, RealNetworks Inc <RNWK.O>, DoubleClick Inc <DCLK.O> and CNET Inc <CNET.O>. He said he has been adding to positions in the last few days. REUTERS Rtr 11:28 05-26-99 Copyright 1999, Reuters News Service

To: Tradelite who wrote (42193)	5/27/1999 1:29:00 PM
From: Scrumpy	Respond to of 120523

She forgot to mention the rebound over the next few years.