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To: Islander99 who wrote (23677)6/22/1999 4:54:00 PM
From: Frank Ellis Morris  Respond to of 41369
 
RE: Stock Prices Fall

>> YHOO, ATHM, EBAY, LCOS and of course AOL...
something happened at 2 p.m. that caused them all the drop right off of the table.Anyone have any idea why? ,,

The long bond is not cooperating with the stubborn yield staying over 6%. Investors had enough of the disappointment and are not going to put up with this any longer. The long bond has to come down or the equities markets are going to get crushed.

Frank



To: Islander99 who wrote (23677)6/22/1999 5:05:00 PM
From: Brian Malloy  Read Replies (1) | Respond to of 41369
 
Simple profit taking following options expiration with multi day run up that caused all the averages to be up by over 5%. An easy call.

Don't be fooled by todays move in the NAZ. Continued unwinding
of options expiration. Traders will be taking a little off the table as we will give some back on Tue.
Message 10208915


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