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[sharechat] it shares

From:	"Chris" <crodgers@globe.net.nz>
Date:	Fri, 10 Dec 1999 14:32:36 +1300

Im interested to hear people's views on the direction of IT shares over the next few months. Many of the NZ it shares have generally risen pretty strongly on the back of buying fever in overseas markets, but the NASDAQ is now up by over 1/3 in about a month, and I have read predictions that the index will fall on its face very soon (although Ive been reading that about the Dow consistently since late 1997), and Im not confident that the high-profile ones could maintain their current trading ranges here if that hapened.

Do you see an overseas tech downturn anytime soon being likely, or are the comments being made generally pretty common on a rising market liking the NASDAQ is currently experienceing?

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