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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (15568)	6/15/1999 12:08:00 PM
From: Susan Saline	Read Replies (1) \| Respond to of 43080

market turn thoughts .... Message 10124025

To: LastShadow who wrote (15568)	6/15/1999 6:22:00 PM
From: AlienTech	Respond to of 43080

>>Blood On The Net<< And it is bloddy.. You think just because some geek on briefing says its over its over? Two weeks ago they were sying it was time to buy the nets since earnings were going to be out in a month and the nets usually run up. A lot of traders are hurt, But I think we have seen this before, the shorts are not covering and in fact shorting more (hint hint). Momentum broken, Tulip bulbs busted, below average net IPO's. Most of these caused by fund managers dumping their holdings and some others shorting. What we are mostly seeing is cascading margin calls. Those who bought like FLAS @ 39 on margin. The last few days I have been seeing some brokers sell at any price. Which means forced margin calls, But forced margin calls in like EDGR? Which is non marginable and which just ipo'ed. Once people stop being so nervous I think it will get explosive. Especially now that CNBC and briefings's started the tublic bulb burst mania parties.