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To: Investor2 who wrote (2717)9/3/1998 12:39:00 PM
From: MrGreenJeans  Respond to of 3696
 
I2

<<Regardless, it is clear that the bears and the shorts were correct>>

Momentarily correct and not necessarily correct over the long-term.

The longs are still a generation or two ahead of the shorts in terms of wealth creation. To date, there are probably no longs who wish they had been short during the last few years. And the shorts, at least those that have not been bankrupted, probably have made very little if any money in the past couple of weeks. To have made money in here probably meant you had to position yourself at or near all time market highs something few shorts had the vision or courage to do.

I suspect when all is said and done we will be looking at all new highs in the indexes in the coming weeks / months.



To: Investor2 who wrote (2717)9/3/1998 1:22:00 PM
From: Katherine Derbyshire  Respond to of 3696
 
>>You'd think that they would be happy after this big drop in the
market, but I sense a great deal of anger in many of their posts.<<

Face it, deep down, everyone wants the economy and the market to grow and thrive. For it to do otherwise is bad news, even if one is able to make money off the drop. Being a bear is inherently depressing, sort of like watching your defense company stocks go up due to a major war.

Katherine



To: Investor2 who wrote (2717)9/16/1998 9:41:00 PM
From: Investor2  Read Replies (1) | Respond to of 3696
 
Last Update: 7:08 PM ET Sep 16, 1998 Also: Silicon Stocks


Shares of DuPont Photomasks (DPMI) could tumble Thursday after the company warned first-quarter earnings may fall below analysts' expectations as a result of weakness in the semiconductor market and overcapacity in the photomask industry. Separately, the company also said it will acquire Hewlett-Packard's (HWP) photomask manufacturing unit for an undisclosed price. Photomasks are glass or quartz plates used in the production of silicon wafers. Chairman J. Michael Hardinger said in a press release after the bell that first-quarter earnings will be 19 to 24 cents per share. The current First Call consensus estimate is 39 cents per share. Hardinger said he also expects first-quarter revenue to decline as much as 6 to 10 percent compared to the year-ago period. Ahead of the news, DuPont Photomasks shares closed up 5/8 to 27 5/8.