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Ditech Networks, Inc. Message Board

  • nw2000_ca nw2000_ca May 17, 2000 10:02 AM Flag

    Sold DITC after Greenspan Meeting

     

    Greenspan will increase another 50 basis point in
    interest rate in 26-27 June meeting if the market is not
    slower down.

    Oil price had jumped up to $30 a
    barrel.
    GDP is below Greenspan's expectation.
    Because
    demand exceed supply, inflation can be triggered.
    Greenspan insisted that he would increase another 50 basis
    point of rate hike in June. Many economists believe the
    rate hike will not be ended until August.

    I
    believe the market will head down for couple of weeks.
    The bargain hunter will move in again.

    Sold my
    DITC yesterday at $109 bought at $90.
    I don't want
    to be greedy.

    Sold my FFIV yesterday at $37
    bought at $29.

    This topic is deleted.
 

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