Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: MulhollandDrive who wrote (26124)	4/4/2000 4:00:00 PM
From: Augustus Gloop	Read Replies (1) of 63513

I think you assume that when I say we should start moving up fairly soon that I mean by 100 points a day. That is not what I am saying at all. I see us bouncing around between the low set today and current levels and then a move towards higher levels. Clearly we were high on the Naz and I think now it's clear that things are a touch overdone. Maybe I'm wrong....just my opinion. I know one thing for sure, Money Managers are not out looking for shares in GM, they are looking for GROWTH. What we have just been witness to is a theft by margin call on many very good growth stocks. As the time goes on and this event becomes a more distant memory we will look back and see that institutions consumed these great growth stories like JDSU at bargain prices while we puked them up for a fraction of what they were worth. Looks like fall of 98 IMHO.

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