Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Arik T.G. who wrote (40958)	6/24/1999 8:24:00 PM
From: Kerry Phineas	Read Replies (1) of 94695

ATG, the article that amazed me and made me bearish came last summer, when Forbes had an article on all the inut billionaires. They were all on the cover, and basically all had made in the billions within two years via IPOs of their untested companies. None of them visionairies, they just happened to be in the right place at the right time. I thought the whole article was simply ridiculous and that there was no way this imaginary wealth creation could continue to such a ridiculous extent. Of course since then things got much more insane. One of the guys with whom I work went from somewhere around 35-40K last year to 1.2 million by placing a fully margined bet on the internet. Last week he was back around 400K, fully margined, and is doing alright right now after this runup; up 50% right now probably from his low last week. He still thinks he is right and will not change his strategy until he loses everything, which of course he will. We'll see if you're right on your prediction.I'm not sure we'll crash because imo the manipulation of the market is rampant, and goes up to the white house. Could be wrong, of course.

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