VIAB (Viacom Class B shares) formerly CBS Message Board

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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS

VIA 50.45

-6.7%

Nov 4 3:59 PM EST

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To: joarel who wrote (4557)	7/30/2002 3:42:35 PM
From: Patrice Gigahurtz	Read Replies (1) of 4613

Thanks for your comments. I suspect though that that recent intra day $30 low during the height of the panic selling in the overall markets was the time to hit-the-buttion buts its hard to do when the whole world thinks we were headed for another Depression like in 1929. I saw the Viab $30 ask quote and couldn't buy it as I was already up to my chin is stocks, thankfully I didn't panic and sell but I was still not very happy about the panic selling which seems to have ebbed. Its more normal trading now days and the panic style seems history barring any new WCOMs, etc. Actually even the new Quest situation didn't knock the markets down. I see just profit taking going forward versus pure panic. I doubt the large number of shorts have closed their open position. As was the case following the 9/11 attacks, the shorts had to cover and did so all the way till early 2002. Should be interesting if they en mass close their open short positions again approaching Jan2003. Thanks

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