Silicon Investor (SI) -- The First Internet Community

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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: KeepItSimple who wrote (64259)	6/23/1999 7:25:00 PM
From: re3	Read Replies (1) \| Respond to of 164684

ah, so you think there is a debate, has any of it changed your mind ? i post for entertainment, mostly on the kahuna thread, but have bought some stocks or puts based on suggestions on that board... amzn fascinates me, i bought a few otm puts and lost the $...stopped after seeing what i was up against... i do believe many of your threadmates don't believe what you say about your positions...i tend to be one of them, what i don't think you understand is that people who have lost $, tend to believe any silly story to get their $ back, including your mommy of all crashes prediction for jan 2/99...whatever happened to that ?

To: KeepItSimple who wrote (64259)	6/23/1999 7:25:00 PM
From: Glenn D. Rudolph	Respond to of 164684

To read Street Life on the Web, visit fortuneinvestor.com Street Life Wednesday, June 23, 1999, 6:45 p.m. Rate Fears Claw at the Dow By Amy Kover Move on, people!! We've got to get over this interest rate anxiety already. Geesh. Guess that's not likely to happen until the Fed meets next week. In the meantime, bonds and blue chips both got hammered today as talk spread that the Fed might tighten rates by 50 basis points. Long bond rate ratcheted up to a scary 6.12%. (Remember when 5.5% seemed high?) The Dow lost a depressing 54.77 points, to 10666.86. Broader markets smarted as well with the S&P losing 2.82 points, to 1333.06. In the meantime, the NASDAQ weathered negative earnings news rather well. After a little hemming and hawing, it closed the day in the black--up 17.87 points, to 2598.13. Not bad. Now for the rest of these Nervous Nellies. Anyway, here's the scoop on today: 3COM.... It's never enough for these people. 3Com (as in that menacing company that stole Candlestick Park from San Francisco!) got hammered today after it beat its earnings estimates by 1 cent. That sounds pretty good right? Trouble is 3Com also warned that the next few quarters might be "unfavorable." Never a happy sounding term. It was enough to spook the Street--Gruntal, AG Edwards, and Needham downgraded. 3Com slid nearly 14%. Speaking of 3Com: Is anyone getting a little bit sick of all these folks obsessed with the Palm Pilot? Two of my close friends have them and they're so annoying. Always writing stuff down in that stupid Graffiti. Beaming each other special little notes. It's enough to make a person feel, well, left out! GOLDMAN SACHS.... Goldman's still golden, baby. Excluding its IPO charges, the investment firm of choice produced earnings of $1.30 a share, beating analysts' estimate of $1.07 a share. In the meantime, none of this helped endear GS to Wall Street. Stock still has a ton of holds on it. And didn't get any upgrades today either. Also, interest rate fear slammed the stock. In fact, the Mighty G lost 3 points, to $65 for the day. Oh! Think of all those poor, starving partners. ON THE COKE FRONT.... Belgium decided to let Coke resume production at two factories. I bet KO chief Doug Ivester is wiping his brow right now. As far as this whole mess goes, I'm with Serwer. They've handled this thing miserably. If Coke's whole spiel is supposed to be global then they should know whom they're selling to. And Europeans are notoriously antsy about what goes in their food. Isn't it Europe the continent that's up in arms over genetically engineered food? Just look at this week's Economist. KO fell 7/8, to 61 3/4. TRIBE CALLED QWEST.... Did anyone ever listen to that band? I kind of liked them. Anyway, Qwest upped its bid for US West and Frontier by about 5.5%. Now they're going to pay about $69 in Qwest stock for US West. For Frontier, they'll shell out $20 in cash and $48 in Qwest stock. Yeah, whatever. I think everyone's past the point of caring now. And it didn't really help Qwest anyway. Its stock fell another 2 3/4 today. Loose Change Geeks on top!! Internet America (ticker: GEEK) got a strong buy. Meanwhile, COOL is totally out. That is Cyberian Outpost (ticker COOL) suffered from two downgrades today. Hmmm. A little high school roll reversal I guess.... Oily kind of day, it seems. Crude oil rallied almost 4%!... Lucky Best Buy. S&P added it to its 500 Index, and it got an easy 4%.... Another one bites the dust: NewCare Health Corp, nursing home and hospital manager, filed the ol' Chapter 11 today.... Checkfree was off by nearly 9 points today.... Like computer games? Try this. wimbledon.org And let me know how you do.... Get ready for round four of Knick fest '99 tonight! Swung by the Garden for Game 3, which was quite a blast. In the meantime, LJ has been talkin' some weird kind of trash lately. After his $25,000 blow up at the media on Sunday, Johnson decided to talk cryptic on Tuesday. Described the Knicks as "rebellious slaves." (Hmmm. Discuss that one among yourselves). Then went on to say: "We don't like you--which has been my motto my whole life, growing up." Huh? First of all, whom doesn't he like? The media? The Spurs? Guiliani? Second of all, what kind of motto is that? Whatever. He's still a team player, and I still love him.... Scene at a garage outside of Madison Square Garden on Monday night: Spike Lee drives out in a convertible honking like his HS football team just won the bowl game. Very NYC. Talk Back to Street Life.... Why let Serwer, Amy, and Nelman have all the fun?! Post your comments and questions about today's column on our boards, located at fortune.com.