SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Trader J's Inner Circle
NVDA 180.99+4.0%Dec 19 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: American Spirit who wrote (17903)7/22/1999 6:36:00 PM
From: Wes Stevens  Read Replies (2) of 56535
 
AS,

I really expected a good rally into earning this month. It has not materialized. I think part of it is that there was a pretty good run for the three week before earnings. For what ever reason, even the stocks that beat earnings and whisper numbers have been selling off. So what happens after earnings? Usually everyone starts predicting the next quarter and the market coasts a bit. But next quarter is the start into the y2k fears. If y2k will be as big a disaster as some are saying is not revelent. The fear will be there and the market will tank. MSFT warned that their next two quarters would suffer due to pc sales slow downs and they know what they are talking about. The company I work for is one of Dell's biggest clients and one of MSFT's also. In my little corner of the world - Latin America - we have replaced almost all of our pc's in the last 1 1/2 years somewhere around 2000. Our purchases will go down to a trickle for the next quarter and we be almost none in the last. They will not pick up till the end of 1st qtr of next year. There will also be no purchases from MSFT during this time. There are many more companies that are doing the same.

I think the bottom line is that y2k will have a big effect on the market. The only question is when will it start.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News