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To: Dragon 1 who wrote (8257)4/19/1999 1:19:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
Dragon, the on-going rally on anything commodity (including the drillers) is just as much a bubble as the big techs and drugs (which are crumbling down hard as we speak). I'm thinking of buying put on the drillers myself. But I'm prepared to lose all this capital in case I'm wrong. The liquidity of the market is very, very impressive - we are witnessing the whole-hearted flow of money from one area to another enmass. We are seeing the herd mentality at its best. One of these days, all things will change and they will chase another target. It could be a downside target for all we know and all the big money may begin to short and make LT's dream come true (maybe 30% of his dream anyway (GG).



To: Dragon 1 who wrote (8257)4/19/1999 1:40:00 PM
From: The Ox  Read Replies (1) | Respond to of 14427
 
CREE, TXCC, and RFMD being taken down hard on relatively light volume. We are starting to see serious profit taking