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Strategies & Market Trends : Waiting for the big Kahuna

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To: pater tenebrarum who wrote (42639)8/3/1999 12:55:00 PM
From: P.Prazeres  Read Replies (2) of 94695
 
don't count on the buy the dip crowd...there is plenty of fear in the internet sector...with a boat load of margin calls probably causing further selling in other issues to cover those margin calls.

The internet selloff is now feeding upon itself. This isn't the time to buy the dip (although when the dip is finished the prices will be remarkably low)

Remember how astonishing the gains were earlier in the year...short sellers who thought they saw the top were getting their asses handed to them...well the same type of astonishment will exist on how low this sector is about to go.

Paulo
stockmotions.com
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