Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (9210)	10/28/1997 10:31:00 AM
From: Jeffrey S. Mitchell	Respond to of 17305

Re: Selling into a panic I'll bet many electronic traders, like those on SI, had high sell orders set for profit taking, and low buy orders set to scoop up bargains. When the institutions starting dumping, it was these guys who I bet (automatically) supported it by buying. I'll also bet many electronic traders probably maxed out on the first wave of "bargains". If they start to lose confidence-- i.e. dump in hopes of buying back cheaper, watch out below. At that point the institutions will be back buying in bulk and the little guy will be screwed once again as the prices jump back up. - Jeff P.S. At this moment in time Clinton is speaking and the DOW and NASDAQ seem to be back UP, way UP!

To: Patrick Slevin who wrote (9210)	10/28/1997 10:38:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 17305

IBM just announced a stock buyback... (end)

To: Patrick Slevin who wrote (9210)	10/28/1997 10:49:00 AM
From: Roger Gliedt	Read Replies (1) \| Respond to of 17305

Patrick, Would it be a reasonable plan to try and sell out some equity positions during the upward moves in anticipation of ultimately seeing the markets drop further? RG