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STOCKTALK

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To: Grandk who wrote (190684)	9/5/2002 11:42:52 AM
From: 10K a day	Respond to of 436258

siliconinvestor.com What's your pleasure man? You can call it a limp dick chart pattern...A rally in to the abyss...maybe a tripple bottom topping formation....i dunno'...call it what you will...I don't care... :0/

To: Grandk who wrote (190684)	9/5/2002 12:05:38 PM
From: yard_man	Respond to of 436258

it's not just that historically ownership is low, but that the selling continues with each bump. It was all about offloading stock to J6P since 99, IMO. Even now some are using more borrowed money or shareholder monies to service debt in order to do share buybacks to prop prices -- what for -- so they can offload more shares. I think we are a long way from the bottom -- I'm not a nut, like Prechter, but share prices haven't come close to discounting the economic damage done in the latter half of the 1990's. In my industry there has been a complete 180 degree flip -- used to be you couldn't buy capacity. Everyone thought it was too risky to sell it -- what if power hits 10k / MWh or 20 k / MWh --was the thinking ... Now nobody wants to sell capacity because prices have collapsed and they are hoping and praying that energy markets will firm up. Amazing -- in only two years time.