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.
Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mike wood who wrote (4448)10/28/1997 12:10:00 AM
From: Rob S.  Read Replies (2) of 11555
 
Mike, it's posible that the Chinese or some other force conspired to topple the market but that is highly unlikely. Let's say that this was the case, that China wanted either to impress upon the US Congress and Clinton administration the power of the Asian markets to influence domestic prosperity and/or they wanted to create a scenario in which the US would clamor for greater trade and development. The Chinese are a very smart people that inspire this kind of "conspiracy threory". However, the Asian markets have often had one crisis or another, for example Japan's monetary crisis a while back, that had little efect on the US stock market. So, someone would have to be perfectly prophetic in their ability to devine the future and manipulate the outcome.

The information that would make a "reasonable investor" pull out of the market a few weeks ago is the fact that the greatest number of insider sales had been occuring at a time when many stock valuations were at historically high levels. We can all kick ourselves a bit for knowing this and not taking "proper" precautions. Greed is what propels the market upward and clouds "reasonable" thinking. Now, on the flip side, fear and panic may propel the market downward past the point of being "reasonable". In that climate, sell short and cover quickly or hold, and buy for a posible wild ride to retrace part of the loses.

It's going to be rough and wild, but ultimately it's a free market and no-one holds a gun to your head - we all have no-one to blame for our (mis)fortune but ourselves.
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