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To: Area51 who wrote (2463)10/14/1999 7:10:00 PM
From: bazan  Respond to of 2818
 
With tax-related selling season upon us I would think that we still have some downside. I'm so disappointed with this reaction to the news. It took such a long time to get to these levels and all of few hours to give it all back. You would think that UIS was going belly-up.

Who knows we may start to see the lawyers come out of woodwork with some class-action suits.

Larry goes from HERO to ZERO.



To: Area51 who wrote (2463)10/14/1999 7:51:00 PM
From: The Duke of URLĀ©  Respond to of 2818
 
No more calls....

I have come up with what I think is a Brilliant Epiphany!!!

If the institutions are buying as michael says, then who is selling is the old Sperry/ burrooughs guys. Remember they saw this stock go from 80 to 6. When it started to go up they couldn't believe it and I am sure, being a little older, and probably not really interested, put in stop loss orders all the way up. When the stock dipped a few points after the mtg that triggered the first of them and set in process the stock market version of a thermonuclear detonator. Which just kept feeding on itself.

By the way, this is very similar to the "portfollio insurance" crash of 1987.

A lot of posters here were in the old school. Anyone still around? Any casual empiricism would be helpful.

Brilliant, huh???

If I am right, you guys owe me a beer.

Don't worry you can just email it to me. :)

Duke