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Technology Stocks : Westell WSTL

WSTL 5.700

-7.2%

Dec 29 3:56 PM EST

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To: Trey McAtee who wrote (7346)	10/28/1997 5:39:00 AM
From: Johnathan C. Doe	Read Replies (1) of 21342

As for this correction kicking off a recession, the market is still up huge. Wasn't it Greenspan who has said repeatedly that the market is ahead of itself and nobody will listen? We are in a new age, a new market, up up up, the bull never ends. People might be heading for a stock market lesson taught many times before. We already know from the tech slaughter in the beginning of this year that selling doesn't have anything to do with the health of the economy or the near or long term prospects of the individual companies. The the market wants to sell, it sells. When all the calm big money folks talk about not being concerned and there isn't any connection with Hong Kong and the world markets, they don't want people to sell, but they sure are planning to sell. They aren't going to be tell you and I to sell. They need someone to unload their positions on. I haven't sold one thing I own, but I am half in cash right now and I am waiting to see what sale prices we end up with. I don't plan to buy yet.

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