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To: Dutch who wrote (1236)11/10/1999 6:03:00 PM
From: pompsander  Respond to of 10714
 
Stock only up 7% today. First day I owned it, it was up 10%. Second day, up 15%. Third day......only 7%. Even with compounding this is a worrisome trend. I am becoming concerned. What's tomorrow going to be like? Only 5%??

<vbg>



To: Dutch who wrote (1236)11/10/1999 6:45:00 PM
From: Jdaasoc  Read Replies (1) | Respond to of 10714
 
Dutch:
I don't want to sound like Don Green but my forecast for the overall market is at best sideways. Granted I like RMBS and CREE at lot. I am overweighted in each, however certain segments of the economy are in big trouble. Just today, Rite Aid, a S&P 500 company, has accelerated it's downwards death spiral to 0. I think there are several more large multi billion dollar companies whose cash flow is going to be hard pressed to meet current liabilities and just haven't admitted it yet. There are not enough companies like CREE and RMBS to go around. That is why they get so overvalued so quickly. There is point where they will correct. What happens if GE decides that they have reached there price target and they put 2.5 M shares go on sale in a day or two. Trust me it happens. I could not imagine margin on such a momentum stock.

john



To: Dutch who wrote (1236)11/10/1999 7:37:00 PM
From: unclewest  Respond to of 10714
 
Hope RMBS, CREE and GMST are double soon so we can afford to fly down to Miami and take mike and family to dinner at Joe's

i hope so too!!!
mike

hey dutch...my lowest buys in each were rmbs 53, gmst 68, cree 24. i am ready for some of joe's stone crabs now...come on down and i'll treat you guys.
i am going over to ft meyers and sanibel island tomorrow for a long weekend...see ya monday.