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Technology Stocks : Tekelec

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To: lml who wrote (1424)4/4/2000 11:49:00 AM
From: Andre Daedone  Read Replies (1) of 1648
 
Investors on margin have exploded since last NOV according to news reports, analysts, and Greenspan's testimonies. I have spoke with many people through these type boards on Yahoo, The Fool, Raging Bull Clearstation etc.. and there are a lot of investors getting hurt badly right now. I read an article last night on The Street stating margin calls were up considerably since the Nasdaq dump yesterday.
I believe the margin calls today should just about put everyone that was on margin in the poor house for awhile and the NASDAQ should recover because I believe the bottom for this correction is in the 4100 range. We will see if I am right in a few days.

Andre

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