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Technology Stocks : BORL: Time to BUY!
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To: Neil Booth who wrote (7301)11/12/1997 10:33:00 AM
From: Eugene Kislenko  Read Replies (1) of 10836
 
Hi, Neil:

Dow is guaranteed down 100+ today.

I thing the "Asian hype" is probably over so far (I personally more worry about Latin America these days). Most of the market participants had already had cold shower.
Indeed, market may move 100- points, but I thing it will find support on the announcement that feds left rates unchanged (at least for now).

However, I have another worry - more and more "analysts" are talking today about "markets retesting 7000 level on Dow". They are trying to prepare themselves and everybody else to the plunge. When it might happen (if so)? I don't know. So far it sounds like some "predictions" I heard 4-5 years ago, when Dow starts upwards movement from 3,500 breaking new highs: "Market MUST HAVE CORRECTION, at least 20%". Never happened.
My hope "the analytical crowd of the Wall Street" will be wrong again. We can see some pullbacks, but I don't think they are will be that dramatic.

Good investing to all

EK
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