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To: Michael F. Donadio who wrote (14579)8/26/1998 3:06:00 PM
From: uu  Respond to of 25814
 
Can someone please answer the following question:

Who are the people selling at these multi year lows?

a) Big institutions who are aware of more horrible news ahead.
b) Savy traders shorting the stock based on sentiments.
c) Little guys panicing
d) Big institutions panicing
e) All of the above
f) none of the above
g) other

I personally think it is d and a bit of c, and I am just hoping it is not "a" (i..e. even more horrible news ahead. Although something tells me it can very well be otherwise why on earth would people be selling at these multi level lows unless they thought they could buy back - if wanted to - at much lower prices.

And lasi question: Can anyone from historical graph and price movement give a guesstimate of where can possibly the next low be (we are setting multi year new lows practically everyday)!

Regards,

Addi Jamshidi