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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (12947)	10/28/1997 8:54:00 AM
From: randy kay	Read Replies (3) \| Respond to of 50167

Ike - What effect do you think these 'circuit breakers' will have on this correction? My concern is that money can't get out fast enough and might compound panic. Is this a realistic concern? Randy

To: IQBAL LATIF who wrote (12947)	10/28/1997 9:51:00 AM
From: Gaston Teran	Read Replies (2) \| Respond to of 50167

Nasdaq getting punished so far today. I do think this selloff was due almost entirely on overvaluation and overvaluated stocks, including many blue-chip tech companies AKA growth stocks are getting beat up most. Just look at DELL. Or CPQ or MSFT. Smart Modular is a stock that I follow. It's had a great run-up and the past week or two has cut the value of its stock in half. On one final note, I think we might find the bottom sooner rather than later. Gaston