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dont agree (archive)

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Posted by SnoW on April 16, 2000 at 12:47:57:

In Reply to: Completely Agree....... posted by JG on April 16, 2000 at 11:55:52:

This is not a good time to buy any stocks. The market is still on it's way down. Don't let little surges up fool you. Buy Bell Atlantic or a stock of that nature. The stock market right now is at extremely dangerous grounds. Let me explain why people are selling right now and bringing the market down. A majority of the people are on margin. Margin shot the market up to the sky a few months ago but now it is working backwards. Now that the market is crumbling people start getting calls asking for the money they borrowed on margin. Most people don't have this money so they have no choice but to sell at a loss. This will continue going on as people have no choice in the matter. I have extremely reputable sources that made me a crazy amount of money. They predicted all of this and when I got a message on my machine saying "Today all Hell breaks loose" I liquidated immediately. When the plumber your electrician and your weight trainer start giving you stock tips it's time to get out.


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