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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

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Nov 12 4:00 PM EST

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To: donald sew who wrote (11000)	4/14/1999 3:16:00 PM
From: Jeffery Lakeshire	Read Replies (1) of 99985

I don't care what the crazies say. This spring flower shopping spree has got to stop. It looks to me even worse than the radio stock mania. Correct me if I'm wrong, but wasn't the smart money going long on radio stocks in the twenties? Wasn't it big money that was jumping out windows later? Correct me if on wrong on this, too. Isn't the institutional money going long on the nets? The media sure touts the nets a lot lately. There is NO new paradigm. That's the lamest thing I've heard in a long time. It seems to me that too many people just can't stand the pain anymore of either getting burned shorting the nets, or missing the opportunities that the nets can offer. Well, the higher the nets go, the uglier they look to me. Jeff

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