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Strategies & Market Trends : Yahoo and other bubbles...when will they burst?
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: marion (Hijacked) who wrote (81)2/7/1999 4:39:00 PM
From: Michael Peterson  Read Replies (1) of 139
 
A couple of things.

fridays drop in NASDAQ.
the high RSI values for a range of Internet stocks as well as a
number of my favorite indicators turning south,
and the margin requirement changes made by many brokerage firms.
couple with a statement that I saw on a thread discussing the lack of inventory being held in most of these issues by MM's. It could become margin call city. And if it turns into a falling Knife who's gonna try and catch it. seems to me that if nasd opens down tomorrow we could see an enormous slide. This is starting to look like the week to be on the short side of things in general.

And incidently don't forget that if that happens the only group that looses is joe small investor, The institutions would love to get in and the MM would love to pick up the stock at bargain basement prices.

We can all agree that the Internet is the future of commerce. The question is simple who will own it?
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