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To: Bill Harmond who wrote (5730)10/3/1999 6:28:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 7772
 
To say nothing that those stocks were (and still are) insanely overvalued, driven upward mainly on momentum, insanity, manipulation, and good old fashioned fraud.

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I think the viciousness of the spring decline can be laid to two factors...the 30% rise in long-term rates and the near-simultaneous decisions by the brokerage firms who hiked margin requirements on the group and applied the new requirements to existing positions.



To: Bill Harmond who wrote (5730)10/3/1999 7:04:00 PM
From: t2  Respond to of 7772
 
From the AOL thread:
Message 11432779



To: Bill Harmond who wrote (5730)10/3/1999 9:27:00 PM
From: J. C. Dithers  Read Replies (2) | Respond to of 7772
 
William, why don't you just give it up...

I'm afraid the shorts here have relegated you to that dreaded category of "your average investor." By definition (their's) that makes you a fool, a dupe, or just plain dull-witted. And don't try telling us how much money you may have made on the I-nuts -- that only proves you are part of the problem. It is people like you who have driven these stocks to their current insane valuations.

The shorts have done their best to lead you into the light. If you just cannot, or will not, see it -- then that is your problem. You might as well just go back to making money, because you're never going to make it into the intelligentsia.