Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

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To: Graeme Smith who wrote (6095)	1/15/2000 5:33:00 AM
From: Dale Baker	Read Replies (2) of 10293

If everyone comes to expect the 3/4 point increase by July, then it won't make much difference. The market will price it in gradually. The 70-80% drop in the NASDAQ is just absurd. But if you are that sure, short the QQQ today and don't cover until it hits 40. Fax me your trade confirmations so we can keep track. Thanks. The only problem will come when the phone company shuts off your line for non-payment, about 3 days after the margin call on your short position. It's one thing to debate whether techs are worth holding in the short-term. The long-term economic revolution brought about by technology companies is a tidal wave you can't just wish away.

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