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To: Pete Young who wrote (3063)10/3/2000 7:03:04 PM
From: Q.  Respond to of 3661
 
re. secondary offerings as an indicator of a top, see this post from the "blood" thread in February, where this idea was discussed:

Message 12864470
also, see the replies to that post.

At the time of that post, most stocks in the sector were within about 15% of what would turn out to be the peak in their stock prices.