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Thursday, December 29, 2000: Overall
market weakness expected.
Thursday, December 21, 2000:
Overall market buy. Buy with stop-loss. Over
the last three trading days, we've gotten
strong bullish signals on all but two of the
companies that we track in this
industry.
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We see this sector turning up, however many of
the signals we are getting indicate some chance
that the buys could break down. Here again, if
the sector slips more than 10% or so, it would
cancel the buy. As previously stated, the
biggest upside within this industry is likely to
be seen in the business-to-business (B2B) and
internet infrastructure areas.
Monday, December 18, 2000: While
we expect the entire sector to start turning up
shortly, our strongest buys are on the B2B and
internet infrastructure areas, the sub-sectors
which have been the most volatile in recent
months.
Monday, December 11, 2000: Sell.
While we have not been getting many bearish
signals for internet stocks in general, we have
gotten short term sells on the B2B and internet
infrastructure sub-sectors, which are up more
than 50% each since our buy call on November 30.
This, combined with the probable market-wide
reaction, is likely to create serious drag on
the internet sector as a whole. While here,
again, we do not expect this to be a long-term
correction, we tend to be somewhat more cautious
in dealing with this sector (which as a whole is
up about 20% from its lows) in what is not
definitively a bull market, and would recommend
exercising such caution in any new buying of
internet stocks in the near term.
· November
2000
· October
2000
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September
2000
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August
2000
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July
2000
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