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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Freedom Fighter who wrote (76562)2/25/2000 2:52:00 PM
From: Simba  Read Replies (2) | Respond to of 132070
 
Wayne:

It seems like an orderly liquidation is in progress. First pick the "old-economy-smoke-stack" stocks and shoot them. People using the old-economy stocks as margin for the high teh ones will liquidate some high tech. But the Nasdaq will be dealt with later. IMHO this could be a combined effort by the Fed and the Wall street brokerages so as to not panic the public. But I have been rarely right about this market.

Simba



To: Freedom Fighter who wrote (76562)2/25/2000 5:32:00 PM
From: Knighty Tin  Respond to of 132070
 
Wayne and All, I bought some March 180s on the QQQ yesterday. Not even a third yet, but a nibble buy.



To: Freedom Fighter who wrote (76562)2/25/2000 10:10:00 PM
From: re3  Respond to of 132070
 
<<<<From what I understand virtually all net fund inflows related to pensions, IRAs, Keoghs, and 401Ks are moving into the growth and technology funds. Overall, the flow of funds is negative. Seems to me that in a handful of weeks the Nasdaq is toast. Liquidity will almost vanish. THis is not my style of investing, but obviously value has nothing to do with the performance of that index right now anyway.

the anecdotal evidence on this is overwhelming.

remember this statement when it cracks...

'everything i read points to high tech'