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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Reuben who wrote (7513)	10/25/2000 12:02:37 AM
From: Dave Gore	Read Replies (1) \| Respond to of 14638

IMHO, this is all just another scare tactic invented to make money for shorters and then allow VIP's (often the same people) to gain favorable entry points on the long side. I think brokerage firms help instigate these mini-panics in stocks or sectors to keep their best clients make money. It seems that everybody on CNBC talks about buying for the long term but they all overreact in the very short term. My observations is that you have to learn to take advantage of these "invented overreactions", by playing along, especially when solid companies are involved. People that buy NT between 45 - 50 will come out nicely in the short or intermediate term, imo. BVSN was tanked to 18 a couple weeks ago before hitting 30 a week or so later. LRCX was part of the chip scare and hit 12 or so intraday at one point last week before hitting 20 a few days later. Or how about RNWK being tanked to 11 intraday or so before hitting 22+ a couple days later. Etc etc Volatility makes lots of money for those who help create it. Remember my example of those who made 25 times their money OVERNIGHT on MSFT Oct 55 call options last week? You don't think that certain people helped create that? LOL! The trick is to be in a position to go along for the ride which isn't easy.