To All:
Hey did i really come off that strong? i just wanted to make the point that the market is responsible for this mess that xicor is in and anyone wanting to put blame on an institutional sponsor of xicor is naive, regardless as to whether that sponsor thinks that stock is going to $15 or $20.
as for the selling as a result of margin calls, i am unaware of how to obtain that information, it would be interesting to know. as for the stocks that i am in i have noticed periodic block sales but most sales seem to be less than 2000 share blocks. of course alot of my stocks were just beginning to see institutional sponsorship, so when the little guys go so does the stock price. i would agree with you support #'s on the NASDAQ but the INDU could go much lower. there obviously will be some incredible buying opportunities when the dust settles, i am covering my shorts today in hopes that the NASDAQ has hit bottom AGAIN.
btw i went to a seminar last night put on by the philidephia exchange who had Thomas Dorsey (the point & figure guru) as its speaker, we went over sector rotation. His indicators said that the semi sector has hit an all time low since he had been tracking it (1987 pre-crash) and it currently has a reading of less than 10%, this means that over 90% of semi stocks are on sell signals, long story short get ready to buy Biotechs, Semis, Computers, & Software the next up move in this sector will not be a DEAD CAT BOUNCE, get ready to short banks, s&l's and oil stocks.
blaine |
