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Technology Stocks : NUKO INFORMATION SYSTEMS
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To: Bill who wrote (3101)10/27/1997 11:31:00 PM
From: Johnathan C. Doe  Read Replies (1) of 3509
 
How I think the market in techs works:

I believe that everytime there is an extended runup in the techs, the big money institutions wait for something to trigger a sentiment shift that is substantial and then they just run with it. The harder they kill the techs, the easier it is to drive out all the small investors and then they re-enter at bargin basement prices and rack up the gains again. They bought in at bargin prices just in April and have unbelievable gains (who in NUKO would believe in gains?). Why not just use Hong Kong as the excuse to crush the techs again. This won't be over in a day or two. There is too much advantage in keeping the selling going. NUKO isn't in the picture anymore. Why look at this dead stock when there are real winners coming into target range?
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