BFT: Will the tulip craze ever break down? Message Board

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Strategies & Market Trends : BFT: Will the tulip craze ever break down?

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To: Pancho Villa who wrote (72)	3/12/1998 7:13:00 PM
From: Kip518	Read Replies (1) of 650

Pancho, as the market continues up money managers are struggling to beat the averages. One easy way for them to try is to continue to buy stocks they already own. With little selling pressure it doesn't take much money to generate new highs, markup of their existing inventory, & a good track record. As you know, this will continue until bad news taints this stock or the whole market or one of the funds starts to pull out. That's what we need to bring out all the sellers. Then the game's up fast. Kip P.S. I know you're not a TA fan, but BFIT, even though it made a new high today is very over-extended. Not necessarily the beginning of the end, but like to start a pull back soon. I joined the club (not BTF, but the BFIT shorter's club) today.

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