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Strategies & Market Trends : The Millennium Crash

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To: Rarebird who wrote (156)8/13/1997 4:42:00 PM
From: Cynic 2005   of 5676
 
Rarebird,
They have been sending their money into the stock market( via mutual funds)every month for the last 15 years ( like my wife) and they have made a killing and their completely unphased by TA or price fluctuations.
1. A lot of it has been put to work by many funds already.
2. Some of it is being cashed-in by company insiders at a feverish pace in June and July. "Thank you" is all they will say in the end. -g-
3. Some of it is very likely to be cahsed (or being cashed in) by very long term investors, the likes of those who invested in the market some 15 years ago. Example. latest SEC filings indicate a 144 for insider sales of ~350 mil. No, it doesn't include Bill G and Paul A or Steve B.
4. Each one of us have a definition of smart money - the one supports our theory. So, your argument and my argument are invalid.
5. Perhaps I am one of the biggest proponents of small stocks you can find around these threads. Yes, Russell 2000 is up for the day. But a low tide takes all boats down. And, it is new moon time!
6. My gut feel is that the smart money will not buy this dip.
-Mohan
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