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To: Glenn D. Rudolph who wrote (6087)6/15/1998 5:16:00 PM
From: Mark Myword  Read Replies (1) | Respond to of 164684
 
>> I need to sit back, keep paying the margin calls and then eventually collect my profit. I just do not know how long it will take.
I am as frustrated as anyone<<<
Glenn , Felicia , & all:
One consolation is this - whenever a sector which is 1) highly , highly speculative and 2) based mostly on a concept or dream (no profits necessary) , and the greater fool theory , and that sector divorces itself from the rest of the market and becomes a fad , you can be certain that it signals a market top. History is full of such examples, and the rockets always crash into the ground eventually.
OTOH , the price of tulips got pretty ridiculous.
I think today's action , with the plummet straight down at the end. is a clear sign that money is bailing this market bigtime. The dipsters better have steel cajones if they're gonna come wading in to this minefield.