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To: jach who wrote (9226)7/7/1998 3:41:00 PM
From: Tom Klempay  Read Replies (2) | Respond to of 164684
 
Don't wait too long. Interesting that as the Nasdaq came back a little, the 'Net stocks started to really tank. Just as it rose quickly this morning, it's now down 17+. Ouch!

If you're nimble and quick, there's many ways to make $$$$ off this one. Being dull and slow afoot, I think I'm glad I sold half of my long position after lunch <g>.

Did any of you blink? Now its back to down 13.

-tk



To: jach who wrote (9226)7/7/1998 8:47:00 PM
From: Andrew  Read Replies (2) | Respond to of 164684
 
possibility of -20 to -30 at open tomorrow

I really doubt it, Jach. Actually there were some buyings about 20 mins before the market closed, then sellings. short coverings and more buying from small investors, I assume. I would expect there are many small LONG investors who got in 90-120 level, and still holding. Usually they are the last one to get, and the last one to get out.

Maybe 5-6 pts down at the opening? It would be hard to let go of stock that perform more than triple less than 1 month.
I think YHOO's earnings are major here.