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

To: Don Pueblo who wrote (1070)	3/3/1999 4:09:00 PM
From: EL KABONG!!!	Read Replies (2) \| Respond to of 3543

TLC, the smart money is already out and sitting on the sidelines Thanks for the vote of confidence. Been slowly going into cash since the beginning of this year. Carefully culling the holdings to get rid of known losers or those with potential to fall quite rapidly. Only mistake was to not sell INTC when it was at $140 (or thereabouts). As you know, I am by nature a buy-and-hold investor. But there comes a time when even guys like me are saying that our holdings are overvalued. I see more and more investors starting to take some cash off the table. When I see them starting to move money out of their mutual funds into GICs, then I suspect that the confidence level and the bullish outlook are starting to wane. KJC

To: Don Pueblo who wrote (1070)	3/3/1999 11:03:00 PM
From: charger	Read Replies (1) \| Respond to of 3543

I thought we would finally close below support today but "they" rallied the market back from the brink at the close. Pissed me off something fierce as I was short the OEX in a big way...looking for another fakeout to the upside tomorrow before the big kahuna hits. What do think, another attempt to take out the high soon or are we due for some pain? Lower earnings + higher rates + overvaluation = disaster for equities in my book and the market is living on borrowed time. Every time the futures/buy programs rally the market from near death it provides another stealth opportunity for big money to get out the back door unnoticed IMO. Same thing happened this summer. Regards