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To: jim_p who wrote (63465)3/30/2000 3:30:00 PM
From: Jon Cave  Read Replies (1) | Respond to of 95453
 
What happens if Nasdaq closes down 300 points. Heck, even at Nasdaq 3000 these darn tech stocks are high as heck.



To: jim_p who wrote (63465)3/30/2000 3:33:00 PM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
NAZ blowoff is interesting....

Could trigger either an even stronger flight to quality, or it may scare the $h!^ out of everyone & we may see broad selling of everything.

I took margin off the table today - taking some profits at the last hour or so was hard - everyone taking chips off.

RIG - down $4 from the days high - wow, that speaks volumes...

Postal, you may get a pullback dip to re-enter here.

What a trading environment...

I wonder what kind of Institutional problems could develop from an implosion of the iNets - tech stocks ?

Who thought one company - LTC, could trigger a market reaction; here - an entire subsector of the market is a highly leveraged house of cards at never seen before leverage & valuations ???

Personally, took some margin profits off the table, will look to buy some dips here - fridays often bring selling off of major breakout weeks...

I'd love to add FLC RIG HAL PGO here on weakness.