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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	3/30/2001 12:06:55 PM
From: jeffersonkeith	Read Replies (1) of 37746

For those of us who aren't eyeballing level II screens all day the consensus still seems to be were closer to a bottom than a top so "I'm comfortable, longer term". I do not believe this denial will prevail much longer and I'm expecting at some point a major exodus by the masses. Last Friday I mentioned that two of my colleagues used personal lines of credit to buy the assumed bottom. The one fellow purchased 2500 JDSU and the other CLS and NT... I'm sure both individuals are lighter by about 20-30% in a week. The frightening thing to me is the mind set that tech will rule again...and soon. IMO these individuals will pay some serious tuition and when they pull the plug there will be some bloody days... not the steady and orderly bleed we've been witness to. And Velo, it's tough to witness ones family taking such a bath...my father has gone full circle with BLDP and is now in the red when at one point he was richer by 350,000 on paper. Go figure hey!

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