Richard Ney and the Wall Street Gang Message Board

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Pastimes : Richard Ney and the Wall Street Gang

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To: BenYeung who wrote (358)	7/25/1998 1:17:00 AM
From: REvaluer@AOL.com	Read Replies (1) of 492

Ben, I wrote to R. Ney telling him that he has done a great public service by trying to educate investors about the games of the elite. I also invited him to post a message on this thread. When he stops his newsletter then many of us will have to spend more time studying the specialists/mms. If seems that many of the specialists/mm's are in a hurry to drop prices. As you have noticed, a number of stocks just lost 5% to more than 20% of their value within one day. The sudden drop reduces public selling at the higher price levels. The dow ended the week slightly up ( about 4 points). If the elite wanted great selling on Monday they should have dropped the dow significantly on Friday. I think that the correction is coming soon. Its possible that there might be a rally on Monday then a continuation of the decline. The media has been trashing the oil service stocks lately. This sector might be ready for a reversal soon. I will be buying stock during the next significant drop. Best Wishes to All

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