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To: Smart_Money who wrote (15013)9/8/2001 7:49:04 PM
From: DebtBomb  Respond to of 208838
 
Thanks SM and good luck. We should get a bounce here soon, IMO.
Funny, in April, the media mentioned that funds were buying to intentionally squeeze shorts out, what a thing to do with fund money, huh?? I guess more people believe it was true now, maybe those fund holders that are calling in redemptions now??
I can still hear the "train" call almost being shouted on CNBC, what BS, and analysts tried it a couple more times after that.
And, oh man, when Maria was almost screaming about CIEN, and the analysts comments about it being a must own stock or some crap like that, back when it was about low 50's and I think they gapped it up to about 68 that morning, LOL.
This guy was on CNBC yesterday saying we'll bounce soon, a good trading bounce, and they asked him, 'well what about investors? a bounce is fine for traders, but investors don't want to hear that.'
It's hilarious and it's sad.
West is probably right, Wall Street is probably trying to suck in late shorts here, and then they're going to try to squeeze them out, it's the only way Wall Street can make any money anymore IMO, hee hee.
Good luck.