Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (2571)	7/16/1997 9:05:00 PM
From: bobby beara	of 94695

Carl, if you look at some of these skyrocket charts like JBIL and MSFT and tons of others, there is very little support area. If this continues blowing off like this and then we get a sell-off or a small bit of bad news could cause a cascade effect, with the last-in buyers panicking as they see their values drop 5-10% a day. In 29' the trigger was that some match company went out of business (at least thats what a friend told me) so if the market is so vertical with no support for 10% or more below (nasdaq) could go down a lot faster than it went up. But us Kahunatics can only dream - huh! bob

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