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To: Rob S. who wrote (62426)6/14/1999 3:38:00 PM
From: KeepItSimple  Read Replies (2) | Respond to of 164684
 
> The psychology is getting close to the point of panic

Very close. If that day does come, these stocks are going to drop 50% in one day. Stocks will be halted, gap down, and portfolios destroyed.

I'm placing a few absurdly out-of-the money puts on all the net leaders, just for laughs. But I've made my money. took the chips off the table.



To: Rob S. who wrote (62426)6/14/1999 3:38:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
Rob,

I think the next step is more margin selling. Is there any need for the funds to start buying now ? I think they'll wait till the forced selling commences in earnest.