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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: dclapp who wrote (79881)12/16/1999 10:54:00 AM
From: pater tenebrarum  Read Replies (2) of 86076
 
oh, they will eventually...so far they're not blinking, but when the first big one does, the exits will prove way too small for the crowd trying to rush out.
it will NOT start as a wave of selling...rather, i expect one day the bids to dry up, for no particular reason. as soon as that happens, the people who bought right at the top will get nervous and hit the sell button. since enormous trading volumes have occurred at immensely inflated prices, the potential for a snow-ball effect is quite big. i expect that an initial decline could wipe out the whole blow-off move in a matter of days.
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