Home on the range where the buffalo roam 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.

Pastimes : Home on the range where the buffalo roam

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Raymond Duray who wrote (10636)	2/21/2001 6:27:00 PM
From: A.L. Reagan	Read Replies (2) of 13572

I believe PSI Net is toast as well, and I surmise they are selling the crap out of their remaining shares in EXTR (a stock I follow). Duly note that this is the downside of giving pre-IPO warrants to key customers - chickens which have come home now to roost on EXTR's stock price. The Corvis' of the world who did the same thing with Williams and Broadwing, etc. will get the same treatment in due course. BTW, I agree with Art Hogan and have for some time that we have a grinding bear market, not the classic V-shape. If anybody remembers 73-74 it was the same way. The "capitulation" fans are spoiled with memories of Oct. '98 and Oct '87 - it doesn't have to be this way. I will be looking at "capitulation" when there is steadily decreasing volume, not a blow-off sell frenzy. Barring external events (e.g. full scale war in the Middle East), there is no element of "surprise" (or margin debt) out there IMO to trigger such a panic. Watch volume. We are not there yet, and the changes in the NAZ count obscure what are still healthy volumes. I guess this is unfortunate, in that taking a swift upside to the head is preferable than slow suffocation, but wishing don't make it so.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next