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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: RR who wrote (5372)10/3/2000 9:55:18 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
RangerRogue, havent seen sudden steep declines
margin calls so far have resulted in slow bleed selling
so far no MC big effect
not since each morning we start up
if houses want to put the hurt on MC sellers, they lead us out low in mornings

one friend said he responded to MC by selling minor CREE shares today
might have to sell very minor JDSU shares tomorrow
certainly some margin call selling
house buying will offset to some extent
but it is slowmotion in my opinion

Q4 guidance will turn this around
/ Jim



To: RR who wrote (5372)10/3/2000 10:11:15 PM
From: lurqer  Respond to of 65232
 
I suspect there will be a bunch of margin calls after today as well. Lots of folks may be reaching their sell stops in here now that we are below 3500. So, we may go a bit lower.

One the main sources of selling pressure may be larger than normal fund tax loss selling this year.

lurqer