To: SouthFloridaGuy who wrote (96473 ) 4/13/2000 8:46:00 PM From: KevinMark Read Replies (1) | Respond to
Many had problems with the runup including myself. Unfortunately, I didn't cash in like many, because I knew it would and COuld not last. Therefore, I didn't hold as long as most. Last year's euphoric rise was nothing more than total manipulation and collusion by all the firms to run the Nas up as high as possible. I shorted some, and paid the price, so did many of my friends who still have the scares to show for it. They were burned by the same crooks who have orchestrated this sell-off. My friends will never short again because of what happened last November and December. The basis of my claim is this...every fund manager, analyst, manager, and employees of all the big institutions were paid big fat bonuses based on Nasdaq records. The more records set, the higher the bonus check. I recall one or two analyst getting $8 1/2 million in bonuses. Most received $1-2 mil. I can still hear Tom Costello back in December saying..."Yet another record set on the Nasdaq today"! At the same token, Bob Pasani at the NYSE just kept scratching his head, wondering when he too would get some play. Is this sell-off unwarranted?
