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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 156.06+0.6%12:59 PM EST
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To: LLCF who wrote (3093)10/26/1997 9:14:00 PM
From: Defrocked  Read Replies (1) of 10921
 
RE:Every specialist on the NYSE is a trader

And you can bet your bottom dollar if the market
declines by 5 to 10% or more they will be sellers
rather than buyers of the stocks at their posts.
This is exactly what happened in '87: Instead of
providing liquidity to the market as the NYSE rules
mandate they sold and sold and sold on a net basis
then blamed Futures Trading and Portfolio Insurance
for a lack of liquidity.

Be cautious here.
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