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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lizard lick who wrote (63168)	9/24/1999 5:41:00 PM
From: Ellen	Respond to of 120523

Microsoft's Ballmer Comments Didn't Surprise Some Investors Seattle: Microsoft Corp. President Steve Ballmer's comments yesterday that shares of the world's largest software market and other technology companies are overvalued, which sent U.S. stocks tumbling, didn't catch all investors by surprise. ``Microsoft has a history of talking down its stock price,' said Trent Webster, who helps manage $100 million in assets for the Florida State Board of Administration in Tallahassee, which owns about 11 million shares of Microsoft. ``He's done this in the past -- tempering expectations.' Ballmer said a ``gold rush' mentality had pushed technology stocks beyond their worth, and that the industry's earnings and growth potential didn't match their stock valuations. Microsoft tumbled 5.1 percent, helping to send the Nasdaq Composite Index to its biggest one-day drop in five months. Still, many long-time Microsoft watchers said they're unconvinced that the comments were a warning for slower growth. From Bloomberg news

To: lizard lick who wrote (63168)	9/24/1999 9:02:00 PM
From: Jenna	Respond to of 120523

EPAY's. that is really a profound question and I've given it a lot of thought. There was money to be made in every corner this afternoon although I came late to the frey and that did not help much. Seems that both AGIL, MMXI, VTSS and CMRC and even GOTO were fairly predictable but PHCM was an anomaly. I enjoyed reading TraderXx's comments because he is obviously a shorter of experience and at least I can see I'm approaching the theory in the right way. The difference between my techno-fundamental approach to trading (even shorting) to that of a regular 'momentum' shorter (separate this from someone who shorts a stock to death) is that although they have more experience shorting, I have a more intimate knowledge with the stock itself that I trade, since I research them to death, so shorting was only a matter of turning the chart upside down and doing the opposite. I saw what happened with EPAY, and with a host of other nets. I think that PHCM is really standing quite alone here (CMRC was one two before it collapsed) since I have seen a lot of nets on the 'most up' list and then on the 'most down' list so they do get their share of down days, but not PHCM. It goes down 7 or 8 points but then its up 50 and somewhere, I went from going long every morning for weeks to now trying and not succeeding too well to do the reverse. I know why I changed.. Because I was overconfident with NTBK and did exactly what I should be doing PHCM. I held and held so now I'm worried about holding a long position for any length of time. I've even had PHCM on the watch list about 1 week ago so I did see the potential buried there somewhere. This stock is acting exactly like NTBK did and though I rode NTBK into the two hundreds's I didn't do it with PHCM because the experience with NTBK at the very end left an indelible impression on me forever (held on to 1,200 shares of NTBK at the unprecedented price of 220, the position just grew) and actually missed doomsday by literally 1 day. I know its not a great fortune but for me at the time it was quite a bit of my trading portfolio. (others claim to be holding 10,000 or 20,000 shares of certain stocks)... But doomsday did come as it came for NITE, although I don't think all nets are created equal and I wouldn't make a collective judgment on a 'day of reckoning' for all of them. I love the nets and I think they will continue to be 'scattered' with some up one day and others up the next, then a correction near the end of October and some misery in November. This was not the case in January 1998-January 1999, they could do no wrong and everything was up for months, no short, healthy corrections to let out the air of the bursting balloon so it all crashed the same day. Now they are correcting, but the correction is 2-3 days and then a rally. I'd still rather put my money on stocks like RNWk, VRSN, GNET, EXDS, BRCD, YHOO, BRCM than in NTOP, CMRC, PHCM and RHAT. It's not easy, but the golden ring at the end of the PHCM merry go round is getting bigger and bigger and I'll risk easily 10k or more for the 60k down the road. But I won't do it by holding short positions through thick and thin, that way is too expensive.