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.

Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: c.r. earle who wrote (19747)	6/3/1999 1:20:00 AM
From: Tae Spam Kim	Read Replies (1) \| Respond to of 41369

History shows that once the bottom is reached, the upward surges are often very sudden and violent. -tae

To: c.r. earle who wrote (19747)	6/3/1999 1:26:00 AM
From: RON BL	Respond to of 41369

Briefing perspective on today's action: For the second time in a matter of days, techs staged a strong late day rally after getting hit hard in the morning... Briefing.com contends that this is a very positive sign... Especially when you take into account fact that volume on upticks has exceeded volume on downticks... Traders remain cautious given rate backdrop, but as we have noted on numerous occasions over past few weeks, rise in rates only a temporary problem... Once focus shifts back to earnings, techs should stage another impressive rally as sector expected to report best quarter in years... And with Yahoo!'s (YHOO 142 1/2 +4 5/16)earnings about one month away, the transition from rates to earnings (as key directional force) is just around the corner... Briefing.com maintains that now is a good time to position your portfolio for the next upleg... In doing so avoid the trap of buying the most beaten down of stocks as the big losers typically underperform those stocks which exhibited decent relative strength during the correction... Among the stocks poised to lead the rebound are Cisco (CSCO 110 1/8 +3 1/16), Lucent (LU 58 5/8 +2 5/8), Vitesse (VTSS 57 1/4 +1/4), Exodus (EXDS 77 1/2 +7/8), America Online (AOL 110 3/8 -2 7/8), Microsoft (MSFT 78 7/16 -1/16), Nortel Networks (NT 74 15/16 -1/16) and MCI/Worldcom (WCOM 85 3/8 +1 1/8)... For more names, see today's Trader's Edge page.