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Technology Stocks : FORE Inc.
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To: Tavros who wrote (9363)10/10/1998 4:07:00 PM
From: jas cooper  Read Replies (1) of 12559
 
Thanks for the response. Still timely, even with the volatility of late. I can see how the scenario of question #1 works. It just seems ironically out of place considering the economic situation in Asia.

My point in question #2 was not that banks were realizing their exposure, but that other Dow stocks were now rebounding (so to speak), contrary to the realities that caused financials to decline. How many people will be buying Big Macs in Russia in the next few years? Why is Eastman Kodak's stock price doing so well when it seems that nothing has changed (except global economic uncertainty), since their stock plummetted to 55.

Was watching a dry educational TV program on the banking system in the 20's and 30's. There are some amazing similarities with the situation today. People devising ways to create leverage. The devastating effects of fractional reserves when credit tightens.

Many of the declines are not based on people merely moving their money to "safer" instruments, but the unwinding of positions that can't be salvaged because of the extent of leverage. I think this is one of the reasons for such great concern about Latin America's financial health.

So many people think that FORE can operate in a vacuum. Not realizing that the they are dependant on the financial health of their customers to survive.

Thanks again for adding some common sense discussion to the thread. Anxious to hear more...

james
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