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To: Randy Ellingson who wrote (99159)	4/5/2000 8:22:00 PM
From: GST	Respond to of 164684

Hi Randy: Re, the squeeze -- who is it that bought $285 billion in stocks on margin? That is where the squeeze will take shape. Have you seen the vertical takeoff of margin in the last few months? So you get a call - what do you do? Lots of people pay up and keep their stock. Think of it this way -- take Abbeys reduction of five percent (which is $500 billion to a trillion) add some money outflows, add the $285 billion in margin, and ask yourself this: Is the selling over? Not a chance. Suckers rally.