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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (45356)	9/18/2001 3:36:46 PM
From: Steve Lee	Read Replies (1) of 64865

PPT = Plunge Protection Team. A Fed run group of organisations with lots of money that exists to spend billions buying stocks to prop the markets up. The funds have been distributing stocks for several months now, orchestrating pump after pump thru BS announcements of bottoms and upgrades of overvalued stocks to create buying for them to sell into. Yesterday they knew the PPT would be in full force and used it to dump a lot of stock. Now the PPT is the bag holder and there is still more stock to dump. When the PPT have shot their wad, not only does the selling continue unabated, but a ceiling is put on any future gains by the PPT's need to offload inventory. Edit - CPQ just beat yesterday's low by one cent. Risen since then but rules are rules and it's gone from my holdings.

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