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DECEMBER
8 , 2000 VOL. 26 NO. 46 | SEARCH ASIAWEEK
Not
Much Resistance
Shadowing
Nasdaq, the Asiaweek/CNN Internet Index breaks bad again, hitting its
all-time low
The year 2000 is drawing to a close, and there is still no sign of that
stock-market resistance level we've heard so much about. In the last 30
days, ballot fingering in the U.S. and lingering doubts over the soundness
of technology-stock earnings made a mockery of the 3,000-point level on
Nasdaq, which fell to 2,700 before recovering a bit. The Asiaweek/CNN
Internet Index took a whuppin', too. It now looks to be firmly ensconced
below 100 points, for the past week hovering around 95. That means shares
are trading at their all-time Index lows. The Asian tech-stock portfolio
launched in mid-1999 at 100 points.
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A few stocks,
including Samsung Electronics, are off the 52-week lows they hit last month.
No joy for punters holding Rakuten. Shares in the Japanese e-tailer lost
about 44% in October and 58% in November. Anyone up for some year-end tax-loss
selling?
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to Asiaweek at mail@web.asiaweek.com
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Cutting
Edge: Asians
with the worst online
habits
ASIAWEEK.COM
ASIAWEEK.com
Vol. 2 No. 9
Getting Religion
The internet is not the spiritual wasteland it appears to
be. seek and ye shall find sites to feed your soul
Message Deleted: E-mail is anything
but private. here's what you need to know to keep from telling your
secrets to the boss
Pulse: Own a submarine, the smallest
ad in the world, and digging for chinese roots
Face Off: Digital cameras are
now cheap enough for kids, but are they any fun?
Index: The asiaweek/cnn internet
index follows nasdaq to new depths and there is still no resistance
in sight
Toolbox: Apple computer finally
readies a new macintosh operating system, one with flashier features
and improved memory control
Wired Exec: A recording industry
official kills time and space aliens while waiting for airplanes
Asiaweek Technology Home
Asiaweek/CNN Internet Index:
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