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To: allen menglin chen who wrote (102398)4/29/2000 12:59:00 PM
From: H James Morris  Respond to of 164684
 
Allen,
Druckenmiller said he loaded up on new ecomomy stocks but not heavily until this year.
When the rout started he admitted he was to slow to react. Sure its easy to say he could have waited for last weeks up turn...but you try losing $billions in a month.! You'd cut your losses too.
Btw
If you owned Cmrc @ 300 and saw it fall to 50...what would you do?
Knowing its only 61 now?