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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (22173)	8/5/1999 8:46:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Benkea; I agree it's a sector thang, I'm glad I didn't jump in on the IPO . I did pick some up one day on a gap down then looked it over and got right back out. I see a small run up in the market early today but I have doubts it's for real, it won't take much more down side to start margin calls. It's like some hot air balloon sinking , they keep tossing out the rocks but she keeps sinking anyway. They have planted so many tulips along the money stream that now none of them can get enough nourishment to grow. Pricing power has moved to who can give away the most, more over most of these internuts have high debt levels, what going to happen when a few of them start defaulting on their interest payments. If AOL ( the first one in the S&P500) keeps sinking what hope is thar for the rest of the nuts, $86 is critical on her price below that I think we start seeing capitulation. Jim