Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

YHOO 52.58

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Jun 26 5:00 PM EST

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To: Steve Misic who wrote (684)	1/13/1999 6:53:00 PM
From: JC Reddy	Read Replies (1) of 3543

This was a great call! January 12, 1999 All that is missing so far from the big run up in the Internet stocks is the one day blow-off of one hundred points up on YHOO and AMZN. Until I see a move like that, I will predict that everyone, including people who should know better will continue to justify these measly 50 point moves as "normal". I feel the "Christmas rally" will build to the "January effect" peak, then the blow-off day on January 12, 1999. After that, "profit taking", "normal healthy correction", then WHAM!! ( followed by many bodies on the pavement.) Merry Christmas Ho,Ho,Ho!!!!!!!!!

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