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To: dbblg who wrote (71825)8/4/1999 3:57:00 PM
From: Paul Merriwether  Read Replies (3) | Respond to of 164684
 
GG
their ain't much margin money in the nets(because of brokerage rules, except for some grandfathered stocks?). and the rest of the old school marginable securities are holding(and praise the Lord for that!)...



To: dbblg who wrote (71825)8/4/1999 4:59:00 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Ganesh <and margin clerks start getting medieval on folks?> A very colorful but unfortunately accurate description. Oh, this pattern is really getting well established -- a buy the rallies market par excellence. Now lets see what the data shows tomorrow and Friday. Needless to say, bad data will bring on a tech wreck. Good data means another day of sell the rallies. Either way, can't help but notice that this is not your garden variety 'dip'. Hey, did you notice hold gold stocks have been doing? <g>