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Strategies & Market Trends : Moufassa's Lair

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To: moufassa7 who wrote (235)9/20/2001 4:21:22 PM
From: Tradelite   of 13660
 
No, but my optimism is now on hold.

Huge margin call dump in DIS today (good buy you made there). Then someone (HUGE) dumped millions of F shares, while I was actually sitting there contemplating adding another increment to my position in the stock. Thank gawd I didn't.

Reality dictates that some companies will be announcing cuts in their dividends--this means mutual funds specializing in income-producing stocks might have to dump shares.

Also probable that laid-off workers are tapping out their stock funds to raise cash.

And you never know when another one of those mega-buck margin calls will tank the market. Sorta like dodging land-mines.
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