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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (3103)	10/11/2000 6:33:18 PM
From: EL KABONG!!!	Read Replies (2) \| Respond to of 3543

Mad2, Hoooo wheeee!!!! Capitulation time, at least in telecom stocks. Never thought I'd ever see LU under 25 unless they did a 10 to 1 split or something like that. Bargains abound for the patient long term investor (IMO). I'm really having a tough time understanding investor sentiment at the moment. Apparently everyone and his brother have dumped LU and they must have loaded up on NTAP. Don't get me wrong. I like NTAP as a company, and I like their long term prospects. I just don't like owning a stock with a PE somewhere north of 250!!! Looks to me like money is running scared at the moment. What to do. What to do. What to do. Whoever is in Yahoo! better have some tight stop loss point in mind. When money flees, it flees. As for AMD, take a historical look back and see how AMD fares when the semis go south. In the past, AMD could have qualified for the US Olympic diving team. I don't know how they'll fare this time, but if it were me, I'd put the stop loss points in now. KJC

To: Mad2 who wrote (3103)	10/11/2000 8:22:00 PM
From: RockyBalboa	Respond to of 3543

I threw in the towel at 81.50, as posted, right before the earnings. Of course it soared to 86 briefly after. What then happened...is best described as news reversal. Perhaps people read the earnings release a second time but, whatever happened, and whoever switched some knobs, it sold off when it crossed 80...and sold off.... and sold off.. 64 afterhours. Interestingly the nasdaq did not close beyond the lowest close (May 23rd) so there is some hope.