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Non-Tech : Invest / LTD

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To: The Perfect Hedge who wrote (2577)	9/5/1998 12:26:00 PM
From: Lucretius	Read Replies (1) of 14427

nice site, I agree that it could be this week, or maybe it is next Mon. i really don't care, we're headed that way. Either time is fine w/ me (G) I don't think we'll stop at 6600 though. These things have a way of snowballing through margin calls and derivatives (imagine all those poor souls that have been selling naked DELL puts for years and raking it in when DELL plunges to around 65 in one day. They're in for a shock! Such a drop causes margin calls on their longs which causes sales which causes others to get margin calls on their naked options on the stock that the DELL guy was just forced to dump, and so on... It can be a real domino effect.) My target remains 5100 to 5500 for this next plunge. Keep in mind I do believe we will visit 4000 in Oct after an anemic rally from this dump. Late Oct/early Nov should see a rally to 7000 before slowly rolling over again and going down all next year to around 2000, w/ a visit to 1000 in early yr 2000 very possible before the worst bear of all time is over. -Lucretius

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