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To: Maximum_Gain who wrote (1028)1/29/1999 11:27:00 PM
From: TheLineMan  Respond to of 2489
 
Actually, this is a fear affect. Longs need to reassure one another that things are OK. Circle the wagons - so to speak. If there is any recovery Monday , most of them will be clambering over one another to sell what they can. If it gets a mention on CNBC you can be damn sure they will want to know why the CFO resigned. He must have left behind a fortune in stock un-exercised stock options. Why leave just as things get interesting? I will probably look at shorting this on Monday, but it looks like the big money will be made by those who shorted today.