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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: adcpres who wrote (4979)4/4/2001 2:55:46 PM
From: Jack T. Pearson  Read Replies (2) of 52237
 
I think J6P is incapable of panic. I have a lot of people, YJ6Ps (yuppy J6Ps) telling me about the stocks they hold that have declined 70-90%. Then the shrug and say, "I'm in for the long haul. I've got 20 years before I retire. It's certain to recover soon. If I had the money, I'd be buying now."

I think quite a few of these tech companies will disappear in the next year. They have a load of debt; they aren't earning money; and if orders don't pick up soon, they will run out of money in a matter of months. That will be the next wave of bad news to hit the market. So far it is, "We will miss earnings estimates." Next it will be, "If we lay off 1/3 of our people, we have enough cash and credit to make it to October when business should pick up."
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