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Strategies & Market Trends : From the Trading Desk
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To: steve goldman who wrote (2648)3/5/1998 10:05:00 AM
From: Steven Bowen  Read Replies (2) of 4969
 
Steve, I think you're doing your followers here a disservice by, maybe subtly, but obvious in your tone and demeanor, fanning these flames of panic. It was only one company, although admittedly one very important company. And I would suppose that many here own stocks that have nothing to do with Intel. In your position, I think you should be the voice of calm and reason here. The way you posted smacks of conflict of interest to me; raise those commissions by creating panic selling, and then as soon as that is over, get everybody diving back into all those stocks that were stupidly oversold. The traders here should love the volitility, the investors should realize we've been through this before and always bounce right back. There is no reason to believe that this will come close to stalling the bull market. Calm and reason is the way to approach these tough days, not panic. Panic will be what burns most people, not the market.
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