Bill Wexler's Dog Pound Message Board

STOCKTALK

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.

Non-Tech : Bill Wexler's Dog Pound

REFR 1.940

-7.6%

Nov 25 3:39 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BDR who wrote (3216)	8/24/1999 1:12:00 AM
From: Marconi	Read Replies (2) of 10293

Hello Mr. Russell: Internet stocks Mr. Babb did a little shorting recently (he often is a little ahead in timing). Mr. Wexler still avoids them, but at some point I think he will be corruptible into shorting them. I noticed today that in the last quarter or two it appears that several net stocks rattle in the Bollinger bands and with local highs and lows corresponding to high and low RSI. The moves are slow enough to track and if the corner is missed there still is enough on the table to make the trade worthwhile. My guess is that they are purely trading vehicles. I am considering shorting to a limited extent to test this out before some other trading pattern emerges. It seems with the lockups expiring and the many IPO's that the insane pushes last year are running out of steam and it may be that beyond this current cyclical trading pattern, lower highs and lower lows may set in as the next phase. Someone else noted that bubbles seem to last several years, then collapse, and the Internet bubble is getting stale by that timescale. I no longer expect the bottom to fall out, or one of the major ones to open up at half of what it closed the previous day. It remains ludicrous to me that Internet stocks are stated to be interest rate sensitive in the popular media. But that may be a dodge for explaining falling prices--fears of rates...as if the typical Internet stock holder ran daily discounted cash flow rates of returns with a new interest rate structure! My sense is that trading may have come back into the larger Internet stock issues, and phased declines may be the next stage of rationalization. And my guess is that this may be due to the stickiness of irrationality. Best regards, m

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next