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Technology Stocks : CPSX-CERAMICS PROCESS SYSTEMS -- Ignore unavailable to you. Want to Upgrade?

To: GARY P GROBBEL who wrote (146)	6/28/2000 11:32:00 AM
From: Mahatmabenfoo	Read Replies (1) \| Respond to of 181

> you can't fight the fed that's very silly -- you can't mean that's the reason that CPSX and GTSM and DDEV many others sank to a third or less than their high for the year, and show no sign of recovery. It ain't the Fed -- these stocks were always based on long-term big-dream hopes, and the fantasy that a little company could upset the order of things by sudden profitability and market share. The speculative dream-boat haze fallen from the eyes of some investors, and replaced by a new (and in some ways very old) "show-me" attitude. CPSX and DDEV and GTSM and others touted around here may yet show us, but best not to hold our breath... And the sucker who mortaged their houses to get in on the boom are thinking more now before taking out a second mortgage. Speculative bubbles, and the weird confidence in the future they depend on always end. 100 always always. And when they do, it nearly always doesn't make sense to take about the cause -- least of all the fed, which has been woefully pathetic in slowing down the boom machine. IMHO they should have raised margin requirements 10 years ago. They should raise them now. Might save a few people their houses. Reality hasn't fully returned yet, but it will. - Charles