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Pastimes : Ask Mohan about the Market

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To: kahunabear who wrote (6577)	10/30/1997 3:00:00 AM
From: Bilow	Read Replies (2) of 18056

I think a substantial percentage of the population believes that stocks are essentially equivalent to lottery tickets that never expire. They buy them, and only cash them in if they are winning. But don't think that this prevents further sell offs. The number of shares traded the last few days is minuscule compared to the total number of shares. I believe that only 0.6% of the market traded Tuesday, and probably 60% of that was flippers, and another good percentage was institutions. So the vast majority of stocks currently owned are sitting on pretty gains, and people do sell in fear of losing gains. Like that math a post ago, Joe G! It's about as mathematical as most of the people in this market can get. I'm looking at puts/shorts on LLTC, MXIM, and VTSS tomorrow AM, basically semi high-flyers. Any comments anyone? -- Carl

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