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 : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (11645)	10/13/1999 10:59:00 PM
From: Mr_X	Respond to of 18998

Mr. Pink- Should all of your Minions be short Tyco on the accusations of Behind the Numbers (David Tice) that TYC is a Fraud? What do you think of his argument? Seems to make a lot of sense. Could TYC go to 70? 50? Mr. X

To: Mr. Pink who wrote (11645)	10/14/1999 8:41:00 AM
From: TRIIBoy	Read Replies (2) \| Respond to of 18998

As expected rabid followers try to boost IDTC in pre-market trading. IDTC missed expectations! That's right they missed, but you would not realize this by the company's ridiculous press release. Company benefited from non-operating gains of $18 million, that would of had the company earn $.03 to $.04 per share. Gross margins went down, EBITDA was down. Simply look at the press release and you will realize the lengths the companyw will go to disguise how poorly their businesses really are doing. I've rarely seen such a misleading press release. Short into the pop today it will not last.

To: Mr. Pink who wrote (11645)	10/14/1999 9:26:00 AM
From: TRIIBoy	Respond to of 18998

Your holiness, IDTC refuses to take questions on their conference call! You have to look at this one. Their press release is a joke and they claim they beat estimates, though they benefited from a $18 million one time gain. Gross margins are down and EBITDA is down. And now are you ready for this? They will not take questions on the conference call because they are in discussions with people. Why can't I ask them about the one time gain? The lower gross margins, the losses, the lower EBITDA? Please oh one of great p*nkness, take a look into shorting into the hype today.

To: Mr. Pink who wrote (11645)	10/14/1999 11:43:00 AM
From: RockyBalboa	Respond to of 18998

MP, isn't UIS too cheap at $30. Why do You think? IS. Edit, I'm in!

To: Mr. Pink who wrote (11645)	10/15/1999 1:25:00 AM
From: Lonnie	Read Replies (1) \| Respond to of 18998

A big down day tomorrow? biz.yahoo.com FOCUS-Greenspan raises concerns about stock risks (Updates with more details from speech) By Caren Bohan WASHINGTON, Oct 14 (Reuters) - Federal Reserve Chairman Alan Greenspan on Thursday advised banks to set aside more money as insurance against a big market downturn, a sign he is concerned about a potential bubble in equity prices. While emphasizing he was not predicting a stocks crash, Greenspan told a banking-related conference that sudden losses in investors' confidence ``will inevitably emerge from time to time' and said financial institutions should boost their reserves to account of that possibility. He said diversification among different types of assets -- a common strategy used by portfolio managers to guard against market risks -- may not be sufficient to account for all types of scenarios in which the value of their investments might decline sharply in value. ``At a minimum, risk managers need to stress test the assumptions underlying their models and set aside somewhat higher contingency resources -- reserves or capital -- to cover the losses,' he said. The Fed chairman noted that equity premiums -- the amount of return investors demand to cover the risks associated with investing in stocks -- had declined in recent years but he said it was unclear why. ``The key question is whether the recent decline in equity premiums is permanent or temporary,' he said. If the decline was only temporary then portfolio managers may find they were underestimating the credit risks of individual loans and could be too optimistic about how protected they were by spreading their risk. He said investment professionals who specialize in risk management should take this factor into account and weigh carefully whether investors' were not paying enough heed to the risk associated with holding stocks. ``The decline in recent years in the equity premium ... should prompt careful consideration of the robustness of our portfolio risk-management models in the event this judgment proves wrong,' he said. Greenspan shocked financial markets in December 1996 when he asked whether U.S. equity prices were affected by ``irrational exuberance'. Since then he has repeatedly questioned whether the prices of U.S. were justified by corporate earnings. But the Fed chairman, who was sharply criticized for appearing to second-guess investors with the famous 1996 comment, has in all of his discussions of the stock market since then been careful to be more circumspect. In Thursday's speech, Greenspan noted that economists had failed to anticipate sharp reversals in market confidence. He also repeated his line that the prices of assets were determined by millions of investors, ``many of whom are highly knowledgeable about the prospects for the specific investments.'