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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Ray who wrote (24211)	8/13/1998 2:47:00 PM
From: HairBall	Respond to of 94695

Daniel: It tells you the Big Boys are smart. They know, that the soap holding the bubble together is the Tech Stocks and the "Internuts". They and their index will be the last to tumble! And, the trigger! BWDIK Regards, LG

To: Daniel Ray who wrote (24211)	8/13/1998 3:00:00 PM
From: Oeconomicus	Respond to of 94695

Daniel, the buyers of those stocks are living in a fantasy world anyway. They think the internuts are immune to bear markets (even if they now think the market is not) and have plenty of rationalizations to keep themselves from selling (mostly it's just greed, though). Didn't the "Nifty Fifty" hold on longer than any other stocks in '73-'74? If we do crash, they will participate more quickly, but if we continue this stair step down movement, they will take longer. IMO of course. The silver lining is that this way there will be time to ride them down. Maybe many of the current shorts in them will get tired of waiting while everything else is falling and exit, making for fewer short covering rallies on the way down later. Good luck, Bob