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Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?

To: michael c. dodge who wrote (2326)	8/31/1998 8:04:00 PM
From: Noblesse Oblige	Respond to of 3247

Offthread to Michael Dodge.... Michael, you are absolutely correct that the market had to have its leaders "correct" (or crash, depending on whether you were injudiciously using margin) to clear the air. Today is the first day that such evidence has been manifold, with even Dell down close to 20 points. IBM was down nearly 10, MSFT down 7+, all the internet stocks totally cratered, with Amazon down about 22, Earthlink and Lycos down over 8 each, and Yahoo down about 14. Wow. It was truly a bloodbath. I have about 160 stocks on my market minder, and only two were up on the day. It doesn't get much more one sided that this. My own view is that TFS (even without the earnings warning) would be trading now in very low double digits anyway. Take a look at Simula, with nothing "wrong" currently. That stock is down from 16 to 9 in little more than a month. Sometimes there is no place to hide. I suspect this is one of those times. You can buy them the first day you get trading volume over 1.25 billion shares. Perhaps it will be tomorrow. Who knows? Try to sleep tonight, Michael. All of us may need it tomorrow.