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To: re3 who wrote (132653)10/7/2001 9:49:16 AM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
We are currently almost 300% greater than 600.



To: re3 who wrote (132653)10/7/2001 6:11:57 PM
From: Alomex  Read Replies (2) | Respond to of 164684
 
one year later...your thoughts?

Sorry to but in, but if anything the strength that the Nasdaq showed around 1400 makes 600 all the less likely. It was clear to all back then (except Danny) that the NAS had further down to go.

The debate was about how much.

Yours truly argued that the NAS would find a lot of support on the way down and that 1400 would be difficult to break. Not even the bombing of NYC, which wasn't in anybody's mind back then, has changed that.



To: re3 who wrote (132653)10/7/2001 9:03:57 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Ike: Nobody here ever accused me of being too bullish, and I am not bullish now. But I do not foresee 600.. I always thought that was more for shock value. But 1,000 down from 5,000 is already a reality check. My own guess has been a bottom around 1200 -- and it could take a while to form that bottom. I think the people buying now are doing so based on a false premise. I think the money will flow to to those who keep their powder dry a little bit longer. Good luck. You have played the market well. Continued success to you... but IMO don't wait for 600.