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Politics : High Tolerance Plasticity

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To: cnyndwllr who wrote (1317)3/10/2001 8:51:35 AM
From: CommanderCricket  Read Replies (1) of 23153
 
I purchased yesterday because of sentiment. No one was talking "buying the dips" or "these stocks are cheap at these prices". The sentiment was horrible. I turned on CNBC after the close and besides having to mute Kudlow, the discussion was "look how far we have fallen in one year". PGO is still my largest holding.

My concern for next week is margin calls. I'm very comfortable with my purchases because I believe the worst is mostly behind us. Look at the overall market. If you screened out the top 100 NASDAQ stocks, the market doesn't look that bad. The DOW was up for the week.

BTW: I wish I had taken my own advice and shorted the contract manufacturers last week. Celstica was fun for a few dollars yesterday.
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