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To: James F. Hopkins who wrote (2985)10/18/2000 12:21:48 AM
From: The Ox  Read Replies (2) | Respond to of 3813
 
Excellent point JFH. If this is the case, then we should see a similar situation occur on the downside. The market makers will allow the selling public to push stocks ever lower, beyond most people's wildest expectations, creating a situation where the MMs eventually will be buying the bottom while 'everyone' is selling.

Would you agree?



To: James F. Hopkins who wrote (2985)10/18/2000 12:24:14 AM
From: Bruce A. Brotnov  Read Replies (1) | Respond to of 3813
 
As I recall 1998 the market was pretty crummy from June to October and as I was moving from SC to CA, I believe the market bottom was somewhere between 20-23 October, perhaps we are nearing the same turning point again, 2 years later. It was a nice bounce through December in small caps and my small model registered 168% gain in 99 without a single big cap or internet stock. I know there were bigger gainers, but the same model is still up over 70% in 2000 and not being pulled down by the internets or big caps either.

For myself I did buy a little NVLS today at $31 as I think it is still a great stock in spite of the bearish analysts.

Bruce