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Technology Stocks : Softbank Group Corp

SFTBY 55.15

-1.7%

1:15 PM EST

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To: swisstrader who wrote (4688)	3/30/2000 5:23:00 PM
From: TobagoJack	Read Replies (1) of 6020

Maybe I am getting cynical and growing up after all. My financial industry friends clear their 1999 bonus checks in March last week, and some gets vested in their company stocks, and the market conveniently falls, driven by a call from Guru Abby. Did something important change between March 1st and March 31st? Oil price dropping? Bonus check clearing? Give me the bad news. Meantime Buffet got 70+ billion in cash ready to go. The market will drop if enough key people want it to drop. I will venture a simplistic guess - the Nasdaq will drop like a rock until Easter, then rise like the tempo of an enthusiastic chorus immediately after Easter. Easter will be spent by the gurus to contemplate their buy targets and project end of period 2000 bonuses. Then the financial crowd will go on summer holiday, allowing the market to seek its own unguided direction, soon followed by a Merrill Lynch Christmas bouquet basket report, in time for the rise into bonus season. Some where along the time line 'they' will talk up Newmont Mining and Philip Morris.

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