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Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%Nov 14 9:30 AM EST

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To: D.J.Smyth who wrote (169680)5/20/2002 2:14:47 PM
From: GVTucker  Read Replies (1) of 176387
 
D.J., RE: A. Newman: ": The faster the market gets rational, the better off we are. Hope is a dangerous way to invest, and we need to get past it."

B. Meeks: "...but I also would short some big names, like Amazon.com, which I will short until the cows
come home,

Telecom is already depressed, and these firms continue to advocate shorting the "big names"...

GV, now do you really think these individuals are being fully honest in their comments?


Yes, I do.

Particularly in reference to your quote A above, what dishonest motive would you assign to Mr. Newman? I personally can't think of one.

Once again, I'll reiterate this: Wall Street wants the market to go up. Wall Street makes more money when the market goes up. If a firm on Wall Street was capable of manipulating the overall market (news alert: they can't) then they would manipulate the market upwards. It's much easier to entice a bunch of people to buy into overvalued markets than it is to entice people to buy into undervalued markets.
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