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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Franco Battista who wrote (68140)	9/23/1999 7:29:00 PM
From: Les H	Read Replies (2) \| Respond to of 132070

We closed below 10,334.42. We'll see if Ralph pounds the congo drums tomorrow... prusec.com

To: Franco Battista who wrote (68140)	9/23/1999 8:15:00 PM
From: Mike M2	Respond to of 132070

Franco, thanks for the Richard Russell update. I heard him today on CNBS. Another interesting point about the i-nuts raised by Sid Tutleman ,if memory serves, is the stimulus the i-nut spending provided to the tech companies will decline once many of the i-nuts lose access to the capital markets. Hopefully this thread has enlightened some people so that they may be spared the inevitable tough love. mike

To: Franco Battista who wrote (68140)	9/23/1999 8:55:00 PM
From: Greg Jung	Read Replies (2) \| Respond to of 132070

If we've already seen the "stealth" bear market via poor market breath, etc., then will a final sell-off of the narrow "winner's circle" be the short-lived finale, and everything can go back up again? Once the first layers of excess is cleared in SUNW, HLIT, EMLX, PG, etc. what of the stocks that hold traditional value. Will they have to wait until the crazy valuation is squeezed from each corner of the market, or do we simply forget about tech stocks for a yaer or so and retain value in the more conservative stock plays such as those currently selling at single-digit multiples? I think the playful money is still churning and they will just travel through different sectors for a while, including some technology niches. This week is simply the week following options expiration. Going into Sept/Oct typical volatile trading. Nothing unusual. Buy the dip. Greg