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To: E. Davies who wrote (20934)4/15/2000 8:56:00 PM
From: Solid  Respond to of 29970
 
Who was the greatest female financier in the Bible?

Pharaoh's daughter- she went down to the bank of the Nile and drew out a little prophet.

We've gone from 40 to 20 in about 2 weeks. Whats it gonna do in the next two weeks- drop another 20 points?

Did you think I was serious? If so I have a bridge I'd like to interest you in for $10, prime location in Frank's neck of NYC.

It' only dirty geen paper.

I wonder what Blodgett had as price targets on AOL back when they were in the doldrums. I luv his $25 tag.



To: E. Davies who wrote (20934)4/16/2000 11:35:00 PM
From: Ahda  Respond to of 29970
 
Eric i sat and watched and thought this is just a very minor blimp calm as heck good stocks at some point prove their worth.
What i never thought about tho was CEO's who had equity loans out on their stocks. All of sudden they don't have the equity so they have to sell.
The market in the last two years has received so much media coverage that corporate people used the leverage of their stocks to buy other stocks so you have margin calls all over the place lately.
Never mind that assuming you had options at exercise price of thirty dollars the stock was trading at sixty you decide to sell so you take out a temporary loan to cover the cost of buying those options. Whoops stock get whacked to twenty and you are in debt big time.
Downdraft could continue until the summer due to creative financing that has got very creative lately tho i sure hope not.