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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: Sir Auric Goldfinger who wrote (899)1/28/1999 9:17:00 PM
From: Ben Wa  Read Replies (2) of 3543
 
Dear Sir: Although your name confounds me, I will endeavour to answer your question. When value managers throw in the towell & start buying internuts, that is an omen. note: Mr. Pink. Step 2 - increasing margin requirements and other trading "governors" to trade such stocks by definition restrict the degree by which people can speculate on such issues. 3. - Supply and demand. Investment bankers will satisfy the demand on the part of the naive public by selling them any guano they care to buy. The upcoming IPO's of internet advertising firms is an example of that - nonscalable business models whereas they have no particular expertise in an area where major firms offer a one stop advertising solution. 4. The offerings of IPO's via the net to retail clients via the new Cruttenden creation and Ameritrade, etc. means that naive investors will pay more for less. 5. False liquidity - day traders do not provide liquidity, so that that if FIDO wants to regurgitate half a million shares of POS.NET, who will take the other side of the trade? Not me, big boy.
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