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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Carl Smith who wrote (20167)	4/15/2000 1:16:00 PM
From: Smear_campaign	Respond to of 30916

Carl, good post. The average internet brokerage account has less than $25,000. A couple of million dollars short of the scenarios put forth. Margin calls definitely hurt many investors, 1999 capital gains taxes due hurt people, but selling by investors encouraged selling by more investors and so on and so forth. With the health of the economy and inflation under control, a 25% fall in the Nasdaq was nothing short of panic selling, IMO. CNBC interviewed an investor in front of the Nasdaq center who after being asked about the markets fall became pale and basically summed up recent market sentiment when he said, "this is bad, very bad, I am going to sell everything!!" Abbey J. Cohen and Goldman were instrumental in participating in the general panic around the time MSFT and the government broke off talks. It was ironic to see her with an everything is groovy interview with Bartiromo. Although it remains to be seen at this point, maybe Bartiromo was right calling her a genius after pointing out some brilliant calls in the past. Last night on CNBC, Cohen used her guru status making a statement about a market situation she had a part in creating. Thus putting herself in a position to be called a genius again.