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Strategies & Market Trends : Yahoo and other bubbles...when will they burst? -- Ignore unavailable to you. Want to Upgrade?

To: memflyken2 who wrote (8)	1/31/1999 4:00:00 PM
From: marion (Hijacked)	Respond to of 139

<<I really do not quite understand where "virgin" buyers are coming from to keep these things up. I would think that all those who have made easy money early have taken their chips and gone home, especially after the last slide down to 250. The day traders, yes, are in and out all the time, but they will run for cover quickly if a fire starts. So where is the upward momentum coming from, particularly with all the negative press we have all seen, heard, and read...>> I actually think the over valuation is what causes the volatility and therefore attracts the day traders. Because the stock is so over valued the market makers don't like to inventory large amounts. They don't want to be left holding the bag. Some market makers have even stopped trading stocks like Yahoo and Amazon. Because there is not a lot of inventory it causes the wild price swings in the stock. In essence we are seeing a large cap stock, trade like a micro cap stock. So anything is possible. Keeping in mind that the market makers don't like to inventory it, imagine then if you will, a sizable amount of stock coming to market. <<I have said often around the boards that Brasil will be the catalyst in the next month or two. Few people really comprehend the magnitude of what's happening there, what with the states refusing to fund the federal govt. It doesn't matter what Cardozo and the IMF do if the Brasilian states push the feds into complete bankruptcy...>> I have not followed the Brazil situation as well as you. If you have any enlightening articles on it, please post them.