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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST
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To: Jerry Olson who wrote (16832)6/11/1999 12:37:00 PM
From: bobby beara  Read Replies (2) of 99985
 
>>>>they are giving IPO shares to all stock holders..i love .besides who the heck wants to pay taxes on that sell!!!<<

jer don't blame you on the tax account, but all stocks were meant to be sold at some time -g-

margin debt and the internet indexes both peaked in mid april, so most of your mo mo boyzs have been taken out of the market - now that the nutz have a 50% haircut. The value players will scoop them up at much lower prices. The nutz should be able to mount a rally here from this oversold condition, but the law of supply and demand rules and tons of supply overhead still exists.

these major nutz may have great prospects, but years of earnings have already been priced in.

I have questioned whether the post thanksgiving break was significant enough to be the end of wave 1, the duration seemed very short, however now it is looking like that was the case and the march-april period where nutzpo's were making 3-500% openings - days in & day out and AOL was proclaimed the must have internet stock was the top of wave 5.

all those people that opened ameritrade and schwab accounts and bought nutz on margin during the november thru april time periods are all now heading to GA meetings -g-

This does have an impact on the market as a whole. Money that would have been sent to mutual funds in this time frame went into speculative investments at a major top and is now been taken out of the picture.

Don't get Shagged,
mini me -g-
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