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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Trumptown who wrote (23275)4/4/2000 11:47:00 AM
From: JLS  Read Replies (3) | Respond to of 57584
 
I can't believe that all of the institutions sold out of technology, and that they aren't salivating at these prices. What I can believe is that they would like to wash every retail investor out of the market, and they have the fortitude and strength to do it. They can stand a lot more pain than we can. I am assuming there are more margin calls coming in. A friend on another thread just posted that he was totally wiped out.

Anyone want to speculate on where the bottom might be?



To: Trumptown who wrote (23275)4/4/2000 11:54:00 AM
From: Tradelite  Read Replies (1) | Respond to of 57584
 
Observations...
Almost every single time that I start to get the shaky feeling that I need to *sell now before it's too late*, I look at the clock and notice it's around 11:30 a.m.

This must be prime shake-out time, when the market is at its daily weakest moment.

Notice that people are bailing out of Sprint PCS in droves today..wonder whether they are scared by the competing wireless tracking stock that supposedly will be issued by the newly merged Bell Atlantic/Vodafone (now named Verizon)....or are they realizing that owning Sprint FON is the best way to capitalize on that company.

Looks like I soon will be able to get QQQ at my dream price of 90. May have to revise that dream and aim lower if this keeps up. Do think maybe this is just the routine 11:30 a.m. shake-out, however.