Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: bobby beara who wrote (1800)	8/5/1999 8:45:00 AM
From: wanmore	of 3543

I agree...the trend is down for now. I have been short and in puts for about 2 weeks. That doesn't change the fact that I will still want to see what happens to that trend line. EBAY and QCOM and AOL have been very good to me lately. I just want to lock in what I have as that line draws near. One thing I did not take into account with that line was the vast number of new issues that probably pushed the market over that line in the first place. Since 99% of them will never turn a profit and will eventually fold, investors may give them their true value of next to $0 and pull us back under the support level (since they are now included in the composite value a drastic change in their price would affect the composite value to some degree) Does anyone have an opinion on this theory?

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