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To: Craig Rogers who wrote (1302)12/3/1998 11:11:00 PM
From: PAL  Read Replies (2) | Respond to of 27722
 
Tomorrow morning market will be up. Look at Globex prices:

cme.com

Asian market is mostly up, even though slightly:

quote.yahoo.com

How it will close is anybody's guess. UBID will be up, more likely 200% and close at around 45.



To: Craig Rogers who wrote (1302)12/3/1998 11:11:00 PM
From: xcr600  Read Replies (1) | Respond to of 27722
 
Craig,

I don't see much more downside. It's right around the 13day moving average. Oversold as well, of course it was overbought initally.

Usually I play the opposite of what people do on these threads. When everyone is screaming it's going to stars, then it's time to short. When everyone is crying, it's time to long. Screwed up on a day trade, and now I'm stuck with a losing long position.

People, keep one thing in mind. If and when this thing comes back, there are a lot of sellers still out there that just want to get even and get out of the stock.




To: Craig Rogers who wrote (1302)12/3/1998 11:23:00 PM
From: Jose Matos  Read Replies (1) | Respond to of 27722
 
It's really sucked watching the lunacy going on with all of the Ecrap going thru the roof. It's about time these E "money losing" Commerce crap head for the pink sheets.
Personally I hope Brazil devalues and or defaults on that nice chunk of change the IMF threw their way. Better still, use the $41 billion to buy every Brazilian babe a new string bikini and a Volkswagen Beetle convertable. Then they can all drive up and down Rio topless (them or the car) laughing at Greenspan and the IMF jerks.
The fact that Brazilians are against a tax hike should not be a surprise to anyone. The fact that they told the IMF what they wanted to hear in order to receive the motherload, also should not be a surprise. The fact that the IMF are gullible idiots, should not be a surprise. With no surprises left, only facts remain. Latin America is in the early stages of a major crisis that will hit large US banks the same way that Russia's problems hit German Banks. Venezuela, whose main export is oil is about to see a major recession.
Compound this with ludicrous valuations on S&P, absurd valuations on anything .com, the tax loss season and earning warnings season and you've got the recipe for a nice 5 ~ 10% correction in the next few weeks.

Maybe you just wanted a simple up or down answer. Uuhhh, I'd say down. But what do I know. I thought Ebay was overvalued at $70. Thank you Datek for making it NM / NS during the run up. I would have been in a world of poop.

Regards.
Jose.



To: Craig Rogers who wrote (1302)12/4/1998 1:17:00 AM
From: Amots  Respond to of 27722
 
Craig.
BTD.

Amots