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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: AD who wrote (57730)	4/27/2002 6:14:09 PM
From: DebtBomb	Respond to of 99280

"The former bluest of blue chips, AT&T, has announced a 5:1 reverse stock split, which is a course of action that was formerly reserved for the weakest companies," Good gosh. ;-O

To: AD who wrote (57730)	4/27/2002 6:16:32 PM
From: DebtBomb	Read Replies (2) \| Respond to of 99280

By one estimate, more than 90 percent of mutual fund managers held "must own" stocks like WorldCom, Cisco Systems, Microsoft, Dell Computer and Intel after the stock market bubble imploded in 2000. Two years later, the Nifty Five are down on average by 69 percent, which would suggest that a lot of investors are holding on to stocks that are under water. Engelke says the risk is that the entire stock market could be undermined if these five stocks were suddenly hit by a mass exit. "The shares would plummet as the buyers would be scarce by virtue of the massive ownership position," he says. And thus, the mother of all crashes could occur, could happen, IMO. The funny thing is, I wouldn't buy any of these 5 unless they were about cut in half.