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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (11408)	4/29/2002 11:37:05 PM
From: waverider	Read Replies (1) \| Respond to of 36161

Agreed. The equity supply situation is too new for most to understand it. There are still a huge number of people who are still holding the bag from March 2000. I know several personally and they are still convinced things will turn around for their stocks...all techs. One is in margin and will getting a margin call the moment QCOM hits 25. Others didn't use margin, but are claiming they don't even look at the market anymore. Right, while losing $10,000 a week in one case. At some point all these folks are going to give up and a giant flushing sound will be heard. Already, some of the permabulls on the QCOM thread are beginning to sell. They sold today when it broke $30. Once everything is on the table concerning the phoney earnings, the off the books games, the lies our great institutions told us...then it will probably be another generation before the market takes off again. Everyone who got burned the first time will have to pass the torch to the next group of suckers. I suspect it will take another year to get to the bottom...then many more to drift. When the market begins to recover is anyone's guess. wr