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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: michael97123 who wrote (44163)3/21/2001 9:14:44 AM
From: Ian@SI  Respond to of 70976
 
Mike,

I almost fully agree with all of your sentiments.

1 exception: I don't think the current round of selling has anything to do with the value of the assets being sold. The hedge funds are selling because they've made money by doing so. IMO, the selling will stop when the Value investors buy and hold, taking all that the hedge funds wish to sell. Until then, the hedge funds will continue to overshoot on the down side.

JMHO,
Ian.