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To: Mark Fowler who wrote (6488)6/17/1998 9:25:00 PM
From: RFF  Respond to of 164684
 
This stock won't stop at 20-30% down. Once this dance is over, it will be a race to see who is the last one out the door.

Just a return to where the stock was 2 weeks ago is a 50% retracement - and it will still be overvalued.

But hey, keep on buying, especially on the dips. You know, this stock is different - it doesn't need fundamentals - just a great fool to buy it from you at a higher price.......



To: Mark Fowler who wrote (6488)6/17/1998 11:05:00 PM
From: Mike M  Read Replies (2) | Respond to of 164684
 
<< It'll go much high long-term but right now there's too much risk holding this one.>>

Mark, I know you think that....but, unless you have been doing the future time travel...you are simply speculating....People have to believe that it is going much higher to pay up to these prices but no one knows if this bubble is going higher.....

It gets back to an earlier post, we are either at or very close to a point where risk outweighs potential reward significantly....at this point the big boys will jettison...Whether the buying begins again will depend on a lot more factors than what you or I think....

Mike

P.S. Until today I was a bystander. Picked up a wad of Oct 70 puts at 9 3/4.....If a previous post, suggesting that stock is breaking loose for shorts, is true, then the supply/demand equation is changing and a new animal may be in charge of this stock for a while.....