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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 676.41

+0.7%

4:00 PM EST

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To: Gary Wisdom who wrote (22082)	8/4/1999 5:11:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Gary, what's more, they are STILL vastly overvalued. everybody knows this and reality is finally taking it's toll. i expect the "internet analysts" to start touting the sector any day now....they must fear for their jobs by now. i also think some pump and dump for the brokers' remaining big clients still in those stocks can be expected. a good example for this is the "strong buy" issued by a certain female analyst on AOL after it started descending and traded in the 140's. another example would be the buy rec. issued for another high-flyer today, QCOM. i started right away to scale back into a short position on this stock when i heard it was touted after yesterday's big decline. it's all manipulation to suck in the little guy and let the big boys out at a decent price imo. btw, i think the nutz are overdue for a bounce now, unless the market in general continues to tank. i'd sell any bounce they can muster...it's OVER. regards, hb

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