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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (1026)	4/10/2000 6:15:00 PM
From: PartyTime	Read Replies (1) \| Respond to of 13572

Every now and then you just gotta rant and rave! I think all of the major institutions know that most tech stocks are gonna come in with great earnings. It looks like the institutions used a combination of tax season, a misspeak by Clinton and Blair on biotech and probably some bloody bluebloods crying bloody foul that their bloody value/old economy stocks weren't performing. So... The blueblooded institutions exert influence on CNBC to parade a special blend of analysts who continually chirp value/old economy is in and tech/new economy is out and the sell off to a guessing game, seemingly pre-determined bottom begins all over again, with the blueblooded institutions selling at highs and poised to successfully short the downtrend. So then... The tech earnings come out glowing--what else is new?--and the bloody bluebloods who pushed value/old economy are now appeased, yes, satisfied with a dollup, a dite and a smidgeon of performance. Thus, the blueblooded institutions begin buying technology again profiting from a) having sold at the high; b) shorting the route down; and c) poised to make huge profits riding the mad surf of tech earnings back upward, easily having bought at the pre-determined bottom. Sprinkle in a money-jobbin' market maker spilling spreadlock, a government twist or wrinkle in the Greenspan carpet; and the small folk end up all red portfolio-faced, nursing blue balls having been royally grouted and jammed back and forth where it hurts the most, whilst still trying to wrest free from the mighty headlock of margin call. Nice scene, huh? It's moments like those described above where one can actually take a perverse sense of comfort reading the April 6, 2000 edition of The New York Times relative to the Africa's diamond market and how its intertwined in arms smuggling and hand-chopping--all for the finger of the lovely lady on wedding day. Nice scene, huh? Do we really all get married and look the other way? Oh, but to be glad we're glad we're here and not there. So what if what we're involved with is a rip-off of a different kind. It doesn't matter much if every now and then you get to win a few points by keeping what money you got in the game. And the irony is this: Over there they keep the same dictators; over here we elect the same people. What's the problem with this picture. Yes, give me new tech--maybe it'll change the way things really are. Enough already!