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

To: pater tenebrarum who wrote (15586)6/2/1999 11:21:00 AM
From: Les H  Read Replies (1) | Respond to of 99985
 
Internet-security stocks continue to sink. They're now down over 90.8% from their 52-week highs, and down again today.

pegasusri.com

One of the side effects of this downturn could be that internet companies could lose recent hires to other companies.



To: pater tenebrarum who wrote (15586)6/2/1999 11:22:00 AM
From: Stephen  Read Replies (1) | Respond to of 99985
 
HB ... I wonder if the holders of the internuts are starting to capitulate .... margin calls et al .....if so ... oversold or not ..... it could get even more bloody very soon ....

Regards

Stephen



To: pater tenebrarum who wrote (15586)6/2/1999 11:37:00 AM
From: bearshark  Read Replies (2) | Respond to of 99985
 
Heinz: We are heading on another downward spiral with the nets. I would not be surprised to see a one-day drop of 50 points or so on the IXY2 and DOT.



To: pater tenebrarum who wrote (15586)6/2/1999 12:03:00 PM
From: Rob S.  Read Replies (1) | Respond to of 99985
 
I think you may get a dead cat's bounce in the net stocks in the next day or two. But the trend will remain down through most of the summer.


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