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: Bill Harmond who wrote (79425)	10/3/1999 1:53:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

I was bearish mid July and stayed that way through August -- and missed the bounce back up -- no question about that. I decided to basically withdraw from active trading to get my timing back towards the third week of August, and only made fresh commitments in anticipation of the gold auction when I returned from Asia in September. Now, the market is sitting on the razors edge. A breakdown here is entirely possible -- you should know that and perhaps you do. There will be many with a strong vested buy-side interest -- for example Joe B or Frank K -- and they will beat the drum for a rebound here. Perhaps this is August all over again. But I would no bet on it. A resurgent yen and resurgent gold this week will cause more trouble in bonds. The rate hike or lack of one will be a problem for the market because it won't solve any of the underlying tensions. I am leaning hard on the gold side -- overweighted every which way, perhaps as you did during the heyday of the net stocks when they were going up. And I have been going in and out of OEX puts as the market gyrates. But make no mistake, I have a strong case to make on the risks of a discontinuity in the market -- and I am positioning to make money from your losses if you are not liquidating already.

To: Bill Harmond who wrote (79425)	10/3/1999 2:05:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

William -- you always edit your posts! <I'm talking about your market calls. Do you want me to point them out? Mid June? Early August? eBay at 70, Amazon at 37, etc?? :)> AMZN is still an unknown -- but ebay? LOL, 70 will look good when the sellers crush ebay. BTW, my call in mid-June was on the yen, which ultimately did knock the legs out from under the market by screwing with bond yields. I posted that the best advisors in Japan said categorically that the yen could not fall below 120 because the Japanese government had vowed to stop that from happening at all costs. My response was -- the yen would move to par (100). And the next day it began its move down. Now it is around 105 -- could see 100 this week. Give it a rest William -- I am not perfect but my information provides part of the puzzle in the market. Perhaps you might want to use that instead of living in denial.