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Technology Stocks : Charter Communications (CHTR) -- Ignore unavailable to you. Want to Upgrade?

To: bruiser who wrote (1919)	3/8/2000 12:07:00 AM
From: Hank Stamper	Read Replies (2) \| Respond to of 2437

Here is my 2c, which is probably worth just that. I hope I am not too off topic or too boring: I like what someone here wrote a many weeks ago, and many many cents ago. It was something to the effect of: 'Is this pig done yet? I've got my fork at the ready.' I think there are a few of matters at play here. The first is that this now is clearly a mometum-driven market (What there is of a 'market'--see comments further below). If a stock has gone up, it must be bought which drives up the price and so on. This is, of course, reason-gone and mind-in-thrall. As long as it works it will continue. The stocks that get 'picked' for this treatment get picked by a stochastic process--it's random to a great degree. We who bet on charter chose the wrong stock. But is not there a future to this company? Is there not a very good or perhaps grand future growth? I think there is. But many very good companies--outfits with 25%, 30% or 40% growth!--are down substantially. These are mid- and small-caps--the type of stocks that behave this way at the end of a bull market. Small caps and mid-caps do well at the beginning to middle phases of the bull cycles. If CHTR did not get 'picke,' and is small, and is not even earning any money, how in heck can we expect it to appreciate in price? I don't know. Perhaps someone does know and if they do, perhaps they'd inform guys like Stewart (the guy in the Ameritrade commercial) and the momentum money managers who are bidding up an ever-smaller number of stocks. Lastly, we are in the beginning of a bear market. Cry rubbish if you like but the S&P has not moved from it's high last summer. The Dow has not been able to move above it's high of January. The naz is like 'dead man walking.' It's dead, only it doesn't know it. Charter, in my opinion is in great danger of losing 40% to 60% of its present value as we progress further into the bear market (at least, I think its a bear market). I have 200 shares which is really nothing relative to my whole portfolio (95% in cash now). I'll not really lose any sleep if it goes to $8.00. With all good wishes, David Todtman