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Technology Stocks : CNKT - Connect Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Lawrence Burg who wrote (428)8/31/1998 5:00:00 PM
From: webinfopro.com  Read Replies (1) | Respond to of 953
 
To tell the truth, I wrote cnkt off having bought another 1,000 shares to average down to 2 1/16. It's not worth selling to cover margin at this point. Margin call will keep this market slidding for a few more days. I feel basically safe, althought I may loose a couple of thousand bucks tomorrow.

This IMO is a severe correction in an "irrationally exhuberent" market made worse by margin calls. At some point the short covering will begin and things will return to normal.....before we climb another hill. What a ride!!!

Weby