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Technology Stocks : JDS Uniphase (JDSU)

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To: SJS who wrote (7262)3/8/2000 12:11:00 AM
From: mtnlady  Read Replies (1) of 24042
 
"What could be a large cattle prod for the NAZ (better than interest rate rises) would be a weaning of margin loans on all stocks 0, i.e., all cash trades."

I agree. If you want to reign in the NAZ start by slowly dropping the amount of margin every stock (especially the ones with astronomical P/E ratios) is allowed to carry until you get to zero margin.

What is interesting is that many, many of us saw this coming when Greenspan said he was going to raise rates. We thought it would hurt both the DOW and the NAZ but the DOW even more. And I could have told you how to reign in the NAZ - reduce the margin limits! The interesting thing now though is that margin or no margin. Many of us are sitting on huge portfolios now. It's almost 'too late' to reign this puppy in now and everyone I know is getting off of margin as fast as possible. The severe market ups and downs are teaching us that one fast! I'm using margin now in reserve to attack the market during the next severe downturn.
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