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To: Bill Harmond who wrote (42047)	2/23/1999 6:36:00 PM
From: KeepItSimple	Respond to of 164684

> What does that say? :) It shows that the momo players were all over the stock on the way up, and when they left at the top, the stock languished and slowly drifted down.

To: Bill Harmond who wrote (42047)	2/23/1999 6:50:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

William, >> It took 20 days to go from 240 to 600, then it took 40 days to go from 600 to 250. What does that say? :) << Well, one thing it says is that sharp run-ups do not stick. Especially if they were aided by short squeeze. Protracted run-downs are more credible since the sellers have plenty of time for reflection. So if they insist on selling at lower prices, then that's worth noting. The re-its occurred on no new or different fundamentals. The company re-affirmed its Q4 cc. Meeker's note was totally expected. I said a week ago that she will do it. The exact timing was not known. Anyone who needs Meeker's exhortation to buy into the internet story is not doing his own thinking. My conclusion is that if the crowd can be excited by re-iterating old stories, then their conviction is not strong. The buyers are hoping for a short squeeze again. Only a few are buying into profitability in 2003 or whatever. I think there was a lot of evidence of daytrading / short covering these last three days. It could keep going, but this time I think the shorts will cover very quickly. Since they also remember what happened last time.