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.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Brian K Crawford who wrote (21)	7/11/1999 2:37:00 PM
From: Dr. D	Respond to of 35685

Whatever happens, Y2K is a short term event. Brian Thanks for replying to my inquiry. I feel pretty much the same as you. With one exception, I plan to sell all holdings on margin, and shorting the nets if it looks like it going to get nasty. I only use margin to short market tops or buy severe correction of 30 to 50 %. I loaded up on Rnwk two weeks ago based on Voltair's advice. He is seldom wrong. I will hold my core holdings. Best wishes 3d

To: Brian K Crawford who wrote (21)	7/11/1999 2:49:00 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 35685

>> My strategy is to go into Y2K fully invested. If we get a sell off I will be buying the bigger growth names on margin. Then after the recovery I expect, I will be selling off to get back to my normal leverage level. At first glance, that seems to be a good way to handle y2k, but what if the hysteria leads to massive profit taking by the institutions and leads to a deeper and longer correction? You might find yourself getting margin calls and having to sell core positions at the worst possible time. As a side note, what strategy would you suggest to those of us with a large part of our portfolios in IRA? As you know, we can't use margin (which has turned out to be a blessing). Frank