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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (23392)	11/25/1999 5:23:00 PM
From: QwikSand	Read Replies (2) \| Respond to of 64865

I'm not sure of the definition of "climax blowoff," nor how one would recognize such a thing... Go see End Of Days<g>. Sucks, but features a climax blowoff. --QS

To: Charles Tutt who wrote (23392)	11/26/1999 3:09:00 PM
From: Jacob S. Rosenberg	Respond to of 64865

Clarification Charles Tut wrote: "I'm not sure of the definition of "climax blowoff," nor how one would recognize such a thing, but I thought they were usually accompanied by high volume (which was not the case Wednesday)." That's the idea. Big upward changes in price accompanied by high volume. The theory is that a commodity that is bidded up in a wild, haphazard, manner on high volume will fall for two reasons: (a) The price paid for it has no relation to its underlying value AND (b) Because of the mania produced in buying up the commodity, just about everybody who wants to buy it already has. LEAVING ONLY SELLERS AND NO BUYERS! Such a move usually takes about two weeks. I was told that the pros usually sell into the middle of a climax run. You definitely don't want to be holding the sack at the end at the end of it. Your point about the low volume is important. It shows that there may be some other reason for the price rise. Short covering? Who knows. But I'm curious of what other people think. I should tell you that I'm long the stock. Jack