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To: limtex who wrote (72999)2/5/1999 1:34:00 PM
From: Glenn D. Rudolph  Read Replies (3) | Respond to of 186894
 
Clealry there will be no buying as long as this mini crash continues and so if
there is no buying then there is no bottom. Its as simple as that.


I was buying late yesterday and today.
I am not alone.

Glenn



To: limtex who wrote (72999)2/5/1999 2:07:00 PM
From: Shahen Petrosian  Respond to of 186894
 
> Mr Kulack has had the effect of making the market a really unpleasant place

He timed it right, that's all. He timed his downgrades between AMD's cancellation of the analysts meeting and their actual announcement. A perfect window for him re-establish himself as a market mover. After the impressive gains in the tech sector some were looking for an excuse to sell anyway. The sector would have pulled back after AMDs announcement anyway. AMDs cancellation of the meeting prompted the perfect timing for him to do what he always does. Create an illusion of having a greater effect on the market than he does. Some of us see this and dismiss him. Others buy into it and elevate him in their minds.

This is just a tech correction like we've seen so many times before. In the process stocks change from weak hands to stronger hands. In the long run it's probably a good thing.

> One wakes up in the morning and wonders what he'll say next

Wonderful companies run by brilliant people are making incredible technological breakthroughs all the time. This momentum fueled by the internet explosion is creating a wealth of opportunities, specially in the tech sector. There are far, far better sources to look into to take advantage of the opportunities available to an investor. You can do much better than waking up in the morning, wondering what he'll be saying next.

Shahen.



To: limtex who wrote (72999)2/5/1999 3:53:00 PM
From: philipah  Respond to of 186894
 
Limtex-
"The average investor doesn't sell and so it has to be the funds and institutions that are selling. Clealry there will be no buying as long as this mini crash continues and so if there is no buying then there is no bottom. Its as simple as that."

No buying?
Simple as that?

Volume today (pre-close)exceeds 31 million shares.
More than DOUBLE daily avg.

The loss has been pared to about $2 and change.

Congrats to everyone who picked up $5 today.
There are millions of them.
P