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To: donald sew who wrote (37146)	12/4/2000 10:31:39 AM
From: herringbone_100	Respond to of 42787

yes i worry for these people- they are highly 'over-extended' houses/bmws etc. root cause of 'no fear' is their feeling that their job security is VERY strong. this may be the case now- but what if layoffs?? ... but i hope will not come to this- actually, they may be right about hi-tech not laying off their most valued employees anytime soon. dunno... but they are 'banking' on this, and close eyes to market losses as 'temporary.'

To: donald sew who wrote (37146)	12/4/2000 10:48:17 AM
From: SpecialK	Respond to of 42787

Those with margin are getting hurt and turning bearish. Those who aren't on margin but are investing new $$, are in shock for any investments in techs. People talk less about the market? Everywhere I go, they are saying, I can't believe this thing, I keep losing more and more. They are in shock, still holding stocks that they thought were cheap at $25, now at $5. They were cheap at 25, down from $150. Unbelievable. What's the point of selling at $5, what's the hurry? If anywhere in the next year it bounces to $10, that's a double. Of course then they won't sell, they'll still wait. I know folks that bought COMS at 50-60, when it first fell from grace (80) in Jan 98, held until PALM spun off and it got back there. I know folks that bought MU at 50-60 or higher in 95, was as high as 90, it came down to 17 many times for a few years. some were lucky to average down and then sell when it ralled this year. Once you've lost greater than 50%, you can't sell, it may not be the smartest thing, but it is common.

To: donald sew who wrote (37146)	12/4/2000 12:49:00 PM
From: OX	Respond to of 42787

donald, not to be flippant, but the j6p I know did not sell at the 1998 lows, so why would they sell here? I've talked to them and they aren't. that said, i think there are 2 types of j6p: (1) the one who didn't sell in 1998 and won't here either (the pain level is somewhere much lower) (2) the j6p who are more active, and frequent discussion boards like RB, yahoo, TMF and SI... own stocks and like to brag/boast at their parties or at work. i think the j6p in case (2) is the ones that should be talked about. JMHO.