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To: Jim Willie CB who wrote (13261)4/14/2000 1:33:00 PM
From: limtex  Respond to of 35685
 
JW -

I've been wrong every day for the last couople of weeks but herre goes again. The chart looks a little encouraging at the moment. It looks like it wants to go up little rallies building...so far......WCII is up and that is the BNAZ canary as great company though it is the stock gets infected with shorts and it hass no strength. Well its actually up as I type only a $1 and change but up is up.

It was up yesterday and fell in the 2.45pm 4.00pm usual afternoon sell off but today feels different from all oterh days.

Why is today different form all other days?

Pls take a look at Cramer today since he says something about a good Friday and a lousy Monday, I think thats what he means. But we are going toget some great earnings next week so .....

Maybe the bottom???? EDIT EDIT EDIT

Looks like it was just anotehrr bear trap. Going south again. I guess we all want to see the bottom so much that now we are imagining it.

Great to have you back.

Best regards,

L



To: Jim Willie CB who wrote (13261)4/14/2000 1:34:00 PM
From: Cosmo Daisey  Respond to of 35685
 
J,
seems to me that Houses are waiting for last of margin calls among retail investors
Exactly. The houses are tired of the on line individual bull s$%# investor. They want to go back to the days of "Where Are The Customers Yacht's" There are too many customer yachts parked in front of customer beach houses.
c



To: Jim Willie CB who wrote (13261)4/14/2000 3:59:00 PM
From: Gabriel008  Respond to of 35685
 
JW, I've been sitting by the tv watching this market drop like a rock and, strange as it may seem, almost delighted that this thing they've been warning us about for the last 6 months finally happening. Although I'm heavily invested in tech I reached deep down and bought Oct, Nov or Jan options on some of these stocks trading at bargain basement prices. Stocks like JDSU, PHCM, PMCS, BRCM and JNPR.

I suspect that this weekend and early next week a combination of heavy hitters including analysts, Abby, and others will try to restore some level of confidence to this market. More importantly, because of options expiration next Friday, the market makers will do their best to bring back the market in order to maximize their profits. Otherwise they stand to lose a ton on open put positions.

In my opinion, we may see 4000 before we see 2800-3000.

Regards, Gabriel