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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Razorbak who wrote (1461)	3/12/2001 11:52:20 PM
From: kodiak_bull	Respond to of 23153

Hello Razorbak, What an interesting day today. It kind of unfolded in slow motion. Just the fact that folks are anticipating "capitulation" makes me extremely wary. I think there's plenty of pain out there, but maybe not quite enough just yet. So, we have the question of the two bottoms. Will we have a March mini-bottom, and then a June Swoon or a July Fry? My guess is yes. We may or may not have put in the March mini-bottom already. If you put a gun to my head I'd blurt out that perhaps we touch a Naz 1787 this week and then recover (but to where? how high?). But until people feel as bad about tech stocks the way they felt about oil stocks in 1998, I don't think we get the true cleansing of a capitulation. Isn't market sentiment interesting, though? It's much easier to buy ORCL at 27 or 28 than it is at 15? Go figure. Finally, on FGH, I'll be happy to sell my position at 5~6, and short along with you there. However, I don't think it's a short in the 3's or 4's. BWDIK? One thing is for certain, we're about 3000 points closer to a bottom in the Naz than we were a year ago. Are there 200 more to go, or 500, or more?