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Technology Stocks : Y2k Why the stock-market will collapse within days/week
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To: manimoe who wrote (81)5/20/1998 12:56:00 PM
From: Paul van Wijk  Read Replies (1) of 185
 
Manimoe,

I hope you've read my posting to CatLady. I it is not
my intention to convince.

But a little bit about psychology. People prefer the good
news above the bad news.

The IT-funds were named by ING-BARINGS as "less-risk", and
needed to solve the problem.

I own 2 of these stocks, these stocks rose 7 to 8% on average,
you are that that the other stocks hardly dropped on bad news
so far.

There is a very simple economic principle;
It take as much time to go from 10% market-penetration,
as it takes to go from 10% to 90%.
Once the 10%-level is passed we enter the rapid-growth phase.

The 10%-mark is were the middle-class starts buying.
Think about TV, CD, Fax, the Internet, Dell, Cisco etc.

Keep this principle in mind when you try to anticipate to
time a market-crash. Once we passed the 10%-level things will
go fast.

If I have more time I will go further into detail. It is a very
important principle. It tells you something about mass-psychology.

Just building up a case,

With regards,

Paul
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