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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Lars who wrote (5887)	6/15/1999 12:08:00 AM
From: Carl R.	Respond to of 15132

You will note that most of these are multi-year declines. These things do not deflate all at once. The buy-the-dips mentality is much too strong. Thus these stocks should bottom later this week, probably Wednesday or so, and then rally sharply. I doubt they'll retest their old highs, though, before beginning another, longer leg down. As for those who say, it can't happen because these stocks have real value, I'd like to point out that companies on the 1929 list such as GE or General Motors also had some real value, but that didn't mean they didn't slide a long way. Carl