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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Generic who wrote (366)12/30/1998 5:17:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 3543
 
3. The mania will end in the worst possible way, with a number of the fraud-u-net stocks being halted within the next 2-3 days by the SEC. I would not doubt that there is some sort of investigation already occuring. When the first one is halted, the momo crowd will panic, and these stocks will be cut in half instantly.

And they'll keep on falling until they are priced in line with reality, which for most of these stocks will be less than 10 dollars.

Unfortunately, I think this will drag the rest of the market down into the toilet.