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To: Madharry who wrote (9895)2/7/2000 11:47:00 PM
From: Madharry  Respond to of 78470
 
The THQI sale went on much longer than I expected due to a shorters convention taking place in the stock aided by the media CNBC and The Street com, as well as an unexpected large sale by shareholders who received shares in THQI in exchange for the purchase of their company but I believe this is all behind the stock now and it is poised to move forward, possibly quickly. This will be my last post on the subject until it hits 30, which would be about a 27% increase from todays levels. My one year target remains $62.50. As an aside today ORTL a company I mentioned several times on these threads in the low and mid twenties was purchased by Lucent for around $175. Needless to say I
sold out at lower levels.



To: Madharry who wrote (9895)2/8/2000 12:17:00 AM
From: James Clarke  Read Replies (7) | Respond to of 78470
 
I hate QQQ with a passion. I shorted a parabolic move, up something like 40% in 2 months, double in 12 months, about 100 times earnings. Seemed like a good idea at the time.

Then the damned thing went up another 25 or 30% in another parabola. It flattened out for a while but now is making new highs again.

This is gone beyond absurd - we have put a mania on top of a mania. This isn't some small-cap overhyped stock, this is a diversified index that makes up about 25% of the market cap of the S&P 500.

Am I thinking about covering. Yeah.