Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: John Pitera who wrote (4492)	1/7/2000 1:27:00 AM
From: Sir Auric Goldfinger	Read Replies (1) of 19428

JXM is a closet shorter. Check out Cramers evening commentary: "Margin Sellers Push Latest Decline Remember the other day when I said that if you were on margin, get off it? Looks like those that didn't have a chance to do so are having it done for them. This most recent break in the market is reminiscent of other spectacular declines in Red Hot stocks, typically magnified by people who have to sell because they don't have the money to own stocks overnight. Last April, and again last summer, we saw this peculiar pattern where people come in and pile on the most vicious of the declines. Often these are sales mandated by the margin rules. I wish I could tell you that this just ends on a dime. But it hasn't historically. Usually it is compounded by false rumors about stocks that were hanging in there to complete the rout. We are using EXTREMELY wide scales to buy stocks we love, as we want to deploy our cash into weakness. No, it's not fun. No, it's not conducive to laughter and guffaws and attaboys. It's just the way it is. ' thestreet.com

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