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Technology Stocks : Ticketmaster-Citysearch (TMCS)
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To: neverenough who wrote ()12/4/1998 10:45:00 AM
From: Chris Vu  Read Replies (2) of 803
 
This is just another internet hype. It will go to the 30s Monday, especially if it closed below the support of 40 today. There is a resistance at the 49 level. For it to go higher, it has to pierce that level with conviction, which is highly unlikely. The only one benifitting from all this are the market-makers--they will gladly take your money in a heartbeat.

Look at the chart for Yahoo and Amazon, and you will see what I am talking about. They are gradually slipping down--today's high is lower than yesterday's, and today low is lower than yesterday's. That's the sign that the Big Boys are slowly unloading their inventories. They can't do it all at once for fear of panic. But, they will sell and try to provide support all at the same time. The ones buying at this level will be in for a rude awakening. I am neither short or long, just holding my cash for that big correction to come. Why sweat to make a few points when you can buy Yahoo, Amazon, Cisco, Microsoft, and the likes 20 to 50 points down? JMHO.
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