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To: Sarmad Y. Hermiz who wrote (62479)6/14/1999 6:42:00 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 164684
 
Software was also down, about 10%



To: Sarmad Y. Hermiz who wrote (62479)6/14/1999 6:46:00 PM
From: GST  Read Replies (2) | Respond to of 164684
 
Sarmad <a new multi-millionaire on the thread ?> If true, great. I always thought KIS got a bit of a bum rap here, but his tone is shrill at times. Most wrote him off as a 'paper trader'. Now he is the new rich guy? I honestly didn't pay too much attention.

As for this market -- it is the high multiple stocks that get slammed when you shift to a tightening trend. It is hardly a secret, but the nets attract a lot of traders who have not seen that before. The Japanese government checked the exodous by buying 5 billion US dollars -- the rumored amount. Februrary was not worse, but it was also related to fed policy and capital flows between Japan and the US. I think people prefer to hear the KIS approach -- they sky is falling.