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Just a thought that if previous run was based on y2k being overblown, then
then next reason for the next new run is that the y2k bug had no effect??
If there is no bad news why would it go down?? Indeed, if it is a good news
and no one is buying.. I guess its time to sell?? Oh boy so many
questions...:))
Gary
-----Original Message-----
From: mike <combat@xxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Sunday, January 02, 2000 6:24 PM
Subject: [RT] Y2K and the Nasdaq: Buy The Rumor, Sell The Fact?
>
>Dear Realtraders,
>
>Like many in the markets, I have been agog with the tremendous runup in
>the Nasdaq over the past two months - it has been staggering. I was
>wondering whether anyone else has any thoughts on the idea that some of
>that runup was based in part upon the "rumor" that Y2K was overblown and
>that the anticipated blow to technology stocks was not going to happen
>and now that it has passed without any major disruptions yet (I know
>Monday will tell us the real story), could we now see a case of selling
>"on the fact"?
>
>Any thoughts would be appreciated ... and yes, I'm looking to short the
>Nasdaq futures - not necessarily with both hands but with at least six
>or seven fingers.
>
>Sincerely,
>
>Michael Strupp
>Chicago IL
>
>
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