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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: StockOperator who wrote (74304)3/2/2001 12:03:14 AM
From: pater tenebrarum  Read Replies (4) of 436258
 
i am more in Fleck's camp on this: these huge drops on bad news signify that the stocks are already largely in weak hands...otoh, the big funds had such a ridiculous overweight in tech, that they probably still sit on enormous amounts of stock.

imo there are only two possibilities: either a panic ensues that finally flushes all the sellers out, or we continue the grind until everybody loses interest...and then build a bottom over a long period of time, with numerous false starts.
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