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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (926)	12/12/1998 9:43:00 AM
From: Pluvia	Read Replies (1) \| Respond to of 19428

<<<Pricey stocks. Months ago, I had similar thoughs on Rambus, RMBS at $70. It didn't get much cheaper, but went 100ish days ago..>>> Christian1310, Nice to finally communicate with you, I have appreciated your posts for a good long time. The market today is clearly not the market we had "days ago". Days ago, Stocks were getting squeezed and aggressively bid higher for multi day runs. Today, all runs are met with heavy selling, usually the first but almost always the second day of the run. This is typical market action after a "frothy frenzy" like we experienced days ago - around Thanksgiving. Besides the lack of multi day runs, we are now seeing faster sell-off's in IPO's and much lower multiples from IPO pricing to opening. The IPO's are sucking capital out of the market... Another good sign that the frenzy is closer to being cooked. Happy Holidays Steve