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


To: Freedom Fighter who wrote (79268)4/10/2000 4:30:00 PM
From: Tommaso  Read Replies (2) | Respond to of 132070
 
And as other people keep saying (I wouldn't know), there must be thousands of people sitting on locked-up shares from IPOs who are watching helplessly as the prices slide, and who will dump at least some of their holdings as soon as they can. Must be hard on a person to be worth 10 million one day and 8 million the next, when their total salaries for the next ten years (pre-tax) would be a lot less than the one-day loss. Even if such holders try to get rid of only 10% of their shares, it could kill the market for those shares. It happened to some blue chips in the 1929 crash.



To: Freedom Fighter who wrote (79268)4/10/2000 5:02:00 PM
From: Les H  Read Replies (1) | Respond to of 132070
 
It's telling that the Nasdaq had fallen 1500 points from March 10 till last Tuesday, and that appreciable mutual fund selling of the tech funds had not yet materialized.



To: Freedom Fighter who wrote (79268)4/10/2000 9:18:00 PM
From: yard_man  Read Replies (1) | Respond to of 132070
 
Can you imagine what margin calls would have done Tues without the PPT or whatever happened?