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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Autumn Henry who wrote (97210)	4/15/2000 7:39:00 AM
From: Manly	Respond to of 108040

I think Monday could get uglier but am also looking to reenter into some positions - can't believe some of the prices out there. Think the big boys wanted to wipe out some daytraders and teach them a lesson and hopefully bring them back begging for advise???? The problem with this correction is that we are entering the summer months which are typically slow for INUTS and people are going to be more hesitant about getting into the market or jumping ship as soon as their stocks go up any. Now I'm hoping that Monday is really bad so we can pick up some ERICY in the $60's or even the 50's. No one really knows in this market. ERICY splitting 4 for 1 May 8th but nothing matters in this market. There have been some good earnings reports and that doesn't matter. We all knew there would be a correction but this is getting a bit carried away. Ramifications include the government not receiving many tax dollars next year because none of us will have any tax gains to claim, it's a shame we can only claim 3k in losses. Think of those folks thinking of retiring this year and kept their money in stocks - I still think the DOW is not going to hold up which will take the Nasdaq down even further. Greenspan better start getting a little careful because his actions don't take affect for 6 -12 months down the road - he wanted to control the market, I guess he is now. There are stock prices out there that I thought I'd never seee again - WOW! We need to get rid of a lot of these companies that we all made money on that just aren't going to make it - invest in quality companies expecting to hold for the long term if need be. The IPO's may be dead money for awhile and I see people flocking to quality companies when money comes back. I also think Tuesday the market should start to respond a bit. Hoping ERICY's triple profits ove ralst year will help, I'm dreaming at buying ERICY at $40 pre-split!!!!!! Everyone, please do not buy on margin - still can't believe people would risk everything on margin in this market. They must be desperate. Glenn