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Pastimes : Ask Mohan about the Market
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To: Cynic 2005 who wrote (10905)12/11/1997 2:28:00 PM
From: Simon  Read Replies (1) of 18056
 
<<<"traders" who are selling now don't have the faintest idea about the long-term prospects for their beloved stocks.>>> Many of these people are so in love with their "beloved stocks" that they have hocked their, house, the car, the wife to buy more on margin.Now they are getting margin calls, hocking grandma and screaming their guts out. Case in point PAIR. People were saying you will never be able to buy it again at 30. Today u can buy all U want at 18. The margin call pain must be excruciating.
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