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 : Formerly About Applied Materials
AMAT 230.77+0.9%Nov 12 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jacob Snyder who wrote (25009)10/7/1998 9:32:00 PM
From: 16yearcycle  Read Replies (3) of 70976
 
I am the one who said,"buy when you feel sick."

I should have said, "when you're out on the ledge."

The nas is within shouting distance of 1400, a drop of 36% from the top. This is with bond yields collapsing, a combined event that is rare if not unheard of. This is not as easy to explain as relatively inexperienced folk would like to believe, and this combination of things happening at the same time is why ltcm happened.

I weathered the storm well until the psft/csco fiasco's, and then the nas dropping another 10%. Breaking through 1500 puts us in position to free fall to 1400, which leads to 1250. Oh joy!

But the foundation of a new start is forming. We have a fed who will ease. Other economies will follow suit. Japan is sounding serious about reform for the first time. China has again said they won't devalue. Poorer earnings is built in to stock prices already.

I think we are very close now. I don't want to say too much since the pressure is so great now, but now is the time to get rich. The small caps are screaming. They will look like rockets shortly.

Just my opinion, which, given my last 10 days performance, is worth nothing, or worse.

gene
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext