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To: velociraptor_ who wrote (49135)	3/14/2001 8:16:45 PM
From: onurbius	Respond to of 57584

<Hmmm.....where did that other $500 go?> The original seller at $10 still has it. Interesting discussion, thanks. At any rate, I unfortunately agree: all MY money is GONE. <very sad grin>

To: velociraptor_ who wrote (49135)	3/14/2001 8:23:05 PM
From: onurbius	Respond to of 57584

Message 15502426

To: velociraptor_ who wrote (49135)	3/14/2001 8:30:00 PM
From: Tradelite	Read Replies (1) \| Respond to of 57584

I agree "the money is GONE." I really feel for the retirees whose retirement funds have been cut in half....or even more than that. Have friends who retired from high-paying jobs who have had to go back to work at real jobs because their 401K's no longer look adequate and the stock-trading thing didn't work out for them. For what it's worth, I've noted here before that I listen to some fellow on the radio who is a PhD. and exclusively a technical analyst who sells subscriptions to his service, which is updated several times a week and is relied upon by professional money managers in our area. He's a REAL NERD and if you listened to him droning on and on about his statistical models and whatnot, you'd know what I mean. Consistently, and again this evening, he predicts the REAL capitulation won't come until the summer. Brokers in our area have taken to calling this anticipated summer event the "final annihilation"....which is a lot stronger than simple capitulation. Food for thought, if nothing else.

To: velociraptor_ who wrote (49135)	3/14/2001 10:02:29 PM
From: Qone0	Read Replies (3) \| Respond to of 57584

Let's say you have 100 people all willing to pay $10 for a stock for a total cash supply of $1000. The next day bad news comes out. Now lets say all 100 want out but you only have buyers at the $5 level and nothing above that. The 100 get out and collect $500 total cash Hmmm.....where did that other $500 go? That is somewhat true. Market Cap. does vanish into thin air. Without the value of the market Cap. changing hands in shares of stock bought and sold. But that also works the other way to the up side. Lets say the people who bought the shares at $500 on the bad news. The very next day REALLY <g> good news comes out and the stock gaps up to $20.00. Wealth has just been created out of thin air. Just like it was lost out of thin air the day before.