PTC Message Board - Msg: 12463105

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.

Technology Stocks : PTC

PTC 175.99

+1.2%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JDN who wrote (3073)	1/4/2000 5:54:00 PM
From: Bob Howarth	Read Replies (3) of 3646

JDN: I think this interest rate thing is a smoke screen for the events of November/December: namely, the FED opened the spigots for Y2K liquidity insurance to the money center banks and brokerages who, as good old speculators, loaned the money to the highly leveraged hedge funds at 20:1 or so, who levitated the NASDAQ (including PMTC)and everything else they could buy on margin. Now, the FED takes back the money, the leverage gets reduced, and the NASDAQ returns back a bit, say another 10 - 20%. Laslo must have figured this out, so he could say what he did about a sell-off. Too bad CNBC simply ignored the whole thing for two months instead of pointing out what was going on. Such a news story / reporting would have halted the froth before it got so far. They never even had a clue! Old Greenspan sure loves to play the horses!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next