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.
Politics : High Tolerance Plasticity
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kodiak_bull who wrote (7249)8/31/2001 12:41:58 PM
From: Think4Yourself  Read Replies (1) of 23153
 
Wasn't taking a shot at Jungle for posting it, and enjoyed reading it. It was an interesting article. Also agree we could easily go a lot farther down in the short term, especially if we get another "asian contagion" or Long Term Capital type event. Very selective in buying here and picking up some great companies on the cheap, companies I thought might never see these levels again. Also being careful to not overuse margin.

3 big reasons I am highly confident that any drop from current levels will be very short lived:

1. Short interest is at ridiculously high levels, absolutely ridiculous. Coiled spring anyone? This one's really compressed.

2. There is a lot of liquidity on the sidelines waiting for a good entry point, or at least strong signs the economy is turning.

3. There are now strong signs the economy is turning.

As long as the media is bearish shorts will probably prosper because the average Joe will be continually exposed to negative news. Regular reporters were outside the NYSE the other morning, hoping to get blazing headlines like "RECESSION AROUND THE CORNER?" from the revised GDP numbers. If the media starts getting bullish, look out above! :o)

Down or up in the short term? Throw the dice and take your chances. Down or up by end of year? I'm confident my portfolio will be up ... a lot. The ONLY thing I am concerned about is avoiding a margin call if we do tank.
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