Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: $Mogul who wrote (93957)	4/6/2000 4:22:00 PM
From: ciVic	Read Replies (1) of 108040

THIS IS A MUST READ - for everyone... I talked to the head trader at my brokerage...and he figured they will take us down one last time to lower than 3650. Here is the reason That last tank....when people got the margin call he said ALOT of people - instead of SELLING the stock..they added $$$$$$ to the account. the institutions and "them" know this and to make this market healthy - they are planning to take it down and FORCE these people to sell their stocks. we are talking BLOOD BATH FROM HELL. He figures we may bounce off 3400. This was only his opinion - but he used to be A TRADER at Lehman Brothers...and now is the head trader at another firm. He said he hoped it happens next week - to give some ppl a chance to get out...but he thinks all the market needs is a LITTLE excuse (like employment numbers) to tank. be very carefull out there. I sold all my long positions. very small short position.... I saw INCA selling on most of my stocks all day today.... I hope to God we get a nice bounce the next 3-4 days so ppl can get out. ciV

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