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

To: tcd who wrote (87031)	6/27/2002 7:51:59 AM
From: DebtBomb	Read Replies (2) \| Respond to of 99280

I think it's all noise. WCOM was already a penny stock before yesterday. What I think is significant, is the question of whether there's anymore WCOM's out there. And, there may be. But you can see, the market usually knows, stocks get cheap for a reason, stocks go to a buck for a good reason, the market is smart, the market knows, IMO. I never could understand why people bottom fished stuff like WCOM thinking they're going to get rich. Those type of stocks are down for good reasons, and I do not think they'll come back. IMHO, a whole bunch of these Nasdaq penny stocks are going BK.

To: tcd who wrote (87031)	6/27/2002 7:53:21 AM
From: Softechie	Respond to of 99280

Banks will get more pressure with Qwest as well. Qwest could have broken debt covernants...

To: tcd who wrote (87031)	6/27/2002 7:55:24 AM
From: DebtBomb	Respond to of 99280

The market is sorting this mess out, you can slowly see who's going to survive. I think within a year, most of these Nasdaq stocks under 5 bucks, will be gone. Some will get bought out, others will go to Nasdaq heaven, and others BK. Just my opinion.