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Politics : Formerly About Advanced Micro Devices

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To: michael97123 who wrote (424600)	10/10/2008 7:49:53 PM
From: tejek	Read Replies (1) of 1572637

saw the dow up 300 at about 3:40pm. They went to commercial on tv and within minutes it was down to minus 165. Have never seen anything like it. My theory is that the institutions who were forced to sell dumped at the close. Bad news is that it stopped the rally in its tracks. Good news is that the market didnt extend those losses and that the stock sold now is in stronger hands. Folks with cash started accumulation today. Any whif of good news over the weekend and we should see another rally. I know its not PC but for just this once, we should make columbus day a world wide market holiday to give those bureaucrats an extra day. The word is two hedge funds closed their doors today. Probably a lot of the dumping was due hedge firms like the ones that failed. Then you have the CEO of CHK buying stock on margin? Huh?? He had to dump all of his shares to make a margin call today. I hope he sells back our Sonics. That's the problem with markets.....you have a lot of stupid people doing stupid things. It makes everything worse. In any case, there are some good bargains out there. I will be busy this weekend. ;-)

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