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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (34801)	4/13/2000 9:44:00 PM
From: Gottfried	Respond to of 70976

Justa, my guess is we have a bit of a 'take profits while you have them - tomorrow we may crash' sentiment here. Gottfried

To: Justa Werkenstiff who wrote (34801)	4/13/2000 11:08:00 PM
From: XBrit	Read Replies (1) \| Respond to of 70976

Justa Werken... I really doubt that the last-hour selloff in AMAT KLAC LRCX NVLS was a technical event. I'm pretty sure it was forced selling by funds. They had to meet redemptions and/or margin calls, and they chose to sell their strongest most liquid stocks. Partly out of denial (belief that the speculative crap will soon recover its 60% losses), and partly because the stuff with big losses was illiquid (big sell order would tank the prices another 20%). I guess this is the collateral damage of bubble deflation. The people who are the final great fools have to go through this period of denial before they understand these stocks ain't never coming back. In the meantime, they sell the truly valuable ones to feed the denial.