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 (80931)	10/17/1999 12:06:00 AM
From: KeepItSimple	Respond to of 164684

>searching for holes in Yahoo's story is a waste of money. William, have you ever considered starting your own cult? You have an eerie ability to ignore reality and repeat mantra without question. The only waste of money is going to be that which is lost when these internuts correct back down to their real value. Tell me, seriously, would you be happy with your portfolio if you woke up tomorrow and not a single stock you held had a PE over 50? Internuts will trade at a FRACTION of their current value when they come anywhere near 50:1. Your financial destruction will be entertaining, to say the least. I believe it started friday. The only question is whether you'll admit you were wrong about the whole scam before your portfolio drops 80 or 90 percent.. im betting you'll start to reconsider your assumptions at the -50% level, actually.

To: Bill Harmond who wrote (80931)	10/17/1999 7:49:00 AM
From: Sam Sara	Read Replies (2) \| Respond to of 164684

Mon and Tues. will be interesting... I do not profess to know what will happen, but I think that a cause for some concern is the possibility of MSFT missing earnings on Tues. Anyone have a feeling for the probability of this event? Is 3rd Q seasonally weak for MSFT?

To: Bill Harmond who wrote (80931)	10/17/1999 9:56:00 AM
From: H James Morris	Respond to of 164684

William, you've never seen me poke any holes at Yhoo, other than perhaps its lofy market cap. I agree with you 100% that its the best of the over fed bunch. But that doesn't mean I'd be buying it here with this black cloud that U Al and the recent PPI seems to be bringing in. Ps Did you know that the inventor of the WWW was not Al Gore?? He is a BRIT! William, do you know how to sing "Rule Britannia"?;-) seattletimes.com

To: Bill Harmond who wrote (80931)	10/17/1999 11:48:00 AM
From: re3	Read Replies (2) \| Respond to of 164684

william i sense many bulls and bears alike feel yahoo is near or at the top of the list of internet stocks they would own a price they think is appropriate...but i hear a lot of talk here that xmas is coming...how is xmas demand a good thing for net retailers with negative margins ? just wonderin' ike

To: Bill Harmond who wrote (80931)	10/17/1999 12:43:00 PM
From: Eric Wells	Respond to of 164684

Are the Glory Days Over for the Dip-Buyers? nytimes.com ============================== October 17, 1999 New York Times MARKET WATCH Are the Glory Days Over for the Dip-Buyers? By GRETCHEN MORGENSON NEW YORK -- Will they or won't they buy the dip? It has become a Wall Street truth that whenever share prices drop, bargain hunters throng to the stock market, providing a floor to equity prices and relief to damaged portfolios. Investors who have courageously waded in to buy the dips in recent years have saved many trading days from disastrous falls. And they've made big dough doing it. Unfortunately, last week, the dip-buyers did a disappearing act. The question is, will they be gone long? During the week, the markets certainly gave bargain hunters plenty of opportunities to buy. The Dow Jones industrial average lost 5.9 percent, and the Standard & Poor's 500 stock index fell 6.6 percent. Some market strategists think that the week was an indication that the days of the dip-buyer may be over. According to these people, investors today are less likely to jump in when stock prices fall. There are several reasons for this. Most important, the level of cash that investors have on hand to put into the stock market is low. For most of the major investor groups, cash reserves are near the low end of their 45-year ranges, according to Christine A. Callies, chief United States market strategist at Credit Suisse First Boston. In the second quarter, cash in American households stood at 3.59 percent of total financial assets, a new low and well down from 3.96 percent in the third quarter of 1998. Borrowings to buy securities, meanwhile, are at a record $155 billion, compared with $78.6 billion in 1995. Other investors have diminished cash holdings as well. Cash held by managers of mutual funds stands at around 2 percent of funds' total financial assets, down from 2.56 percent in the third quarter of last year. And cash available for investment at non-life insurance companies is 4.51 percent of total financial assets, the lowest since 1984. The only investors with a greater cash hoard are life insurance concerns, a group not known for aggressive forays into stocks. Even if investors had more funds to devote to stocks, Ms. Callies suspects that they would not be the asset of choice. "I think that some investors will still buy the dips but less than would have been the case four or five months ago," she said. "Confidence in high valuations tends to erode once investors realize that interest rates are going up." Dip-buyers have been AWOL in mutual funds as well. Robert Adler, president of AMG Data Services, said equity funds had net outflows of $1.1 billion in the seven days ended on Wednesday. Investors have also been abandoning high-yield bond funds, a place where they had been happy to park their funds during previous periods of market turmoil. Last fall, for instance, when the Russian collapse roiled the stock market, investors still felt comfortable putting money into high-yield funds. But in the week ended on Wednesday, 168 funds reported net outflows while 125 funds reported inflows. So, it seems that well before Thursday, when Alan Greenspan wondered aloud whether investors were aware of increased risks in stocks, mutual fund investors had been recoiling from risk. As Adler said: "When the stock market collapsed last year, money that left the equity markets was re-allocated to debt. This October, there is no evidence of a re-allocation. Risk aversion is spreading." ============================== -Eric

To: Bill Harmond who wrote (80931)	10/17/1999 1:21:00 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 164684

Market feels for bottom With correction officially on the books, some wonder if end to freefall is near cnnfn.com I'm reading the Clearstation posts on NITE to get a feel for the market here... interesting, even after friday most are going long nite here, or covering short positions. PS whats up with that Joshua Tree? Is that an earthquake magnet or something? Every 5 years there is an earthquake there... 7.0 is pretty bad, Loma Prieta was either 7.0 or 7.1.