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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (657)	10/17/1999 12:10:00 PM
From: TShirtPrinter	Respond to of 12252

qdog came accross this as I was preparing for a trade show. Couldn't help but think of you. hometowncollectibles.com Tony

To: T L Comiskey who wrote (657)	10/17/1999 1:24:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 12252

<<It has become a Wall Street truth that whenever share prices drop, bargain hunters throng to the stock market, providing a floor to equity prices and relief to damaged portfolios. Investors who have courageously waded in to buy the dips in recent years have saved many trading days from disastrous falls. And they've made big dough doing it. Unfortunately, last week, the dip-buyers did a disappearing act. The question is, will they be gone long?>> Interesting article, TL. One thing that is most interesting to me is that I read very similar articles last fall and the fall of 1997. One thing's for certain; we'll all find out! Best. ...Tim

To: T L Comiskey who wrote (657)	10/17/1999 6:34:00 PM
From: qdog	Read Replies (1) \| Respond to of 12252

Actually, I think the question needs to be asked; when they did buy the dips recently, it failed and will they try again? Hard to say about Monday. You got some similarities in the market to 1987; overvalued, overhyped, overexpectations, rising inflation (regardless what the revisionist would like to exclude from the reports), rising interest rates, weak dollar and lack of some sort of concrete policy, new Treasury Sec., touchy international concerns and finally a President that just suffered a major defeat in Congress that signals his official entry into lamedick status. Will all that protend a crash? Who knows, ceratinly not many felt that way on Sunday of '87. What we haven't seen is capitulation selling which could come Monday or Tuesday, that would signal a bottom. Should be a fun week...... might even see a 1000 points down in a day.