Tom, That's a pretty large number of highs. Are you sure a good contrarian wouldn't want the high/low short ratio even smaller? Zero would be just about right. Yes, FUD ruled today, particularly in the last forty minutes or so. I suppose margin calls must have had something to do with it. Unless cowboy Al Greenspan rides to the rescue with guns blazing lower interest rates, the shorts could have another glorious day tomorrow. Bill is immediately leaving Dodge for the Alamo, since this is a climax even he can't enjoy. I didn't know Monica had any.
As in every fairy tale, there is a bright side. Incurable optimist that I am, I couldn't resist buying a bit more IDTI when it fell to $4 5/8. Rob is correct that someone down the pike must be willing to pay more for it than the original buyer did, but I rely on deep faith buoyed by genetic stupidity. IDTI didn't quite fall to David's $4.25 price, but came within a sixteenth of it. He might have been looking at his DELL, which is going backwards even faster than IDTI. It is still up 138% for the year, which is a neat trick. The NASDAQ declined even more than the DOW. Let's see how the analysts handle their portfolios for the next month or two.
Well, if we try to forget it's money, things have gotten unusually interesting. I can hardly wait for the next reel tomorrow morning. Whatever it is, it ain't no science!
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