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To: chic_hearne who wrote (6863)	7/28/2000 2:47:00 PM
From: advinfo	Respond to of 436258

What's that old joke? The Broker says to the client: "I've got good news and bad news. The bad news is that you've been wiped out, the good news is that it was on low volume..."

To: chic_hearne who wrote (6863)	7/28/2000 3:18:04 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

chic, if you insist on a serious debate on volume, o.k....it's quite simple, like you said many of the momentum day traders have been wiped out, as have a few big hedge funds. the liquidity they provided is gone. as A. Newman notes, the decline in average volume means that the mania has decelerated, and that it will be a long time before the heights of the bubble will be seen again. it is most obvious on the speculative bulletin board, where volume soared to eclipse NYSE volume earlier this year and has since completely collapsed.