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 : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (24025)	4/15/2000 2:44:00 PM
From: Smart_Money	Read Replies (1) \| Respond to of 57584

On local news last night they had Daytrader dressed in suit and sunglasses on street corner with donation bucket and sign that said "Daytrader can't make margin call..needs donations" You know its bad when that happens. You and I know that it goes down hill. Just think of all the brokerage house who will lose money on interest payments and bad loans(stocks that drop to fast).

To: Bucky Katt who wrote (24025)	4/15/2000 5:50:00 PM
From: Rande Is	Read Replies (5) \| Respond to of 57584

William, when a market crumbles on fundamentals of its economy, you can generally smell it coming for months. So it is no surprise when it arrives. In fact, I called the October 97 correction to the day. It was pretty obvious. That was on fundamentals, yet it surprised me and bounced right back. . . what I am smelling here is not bad fundamentals. . . its something else. . .if you know what I mean. I don't think anyone truly believes that we are headed into serious inflation. . .nor do I think anyone really believes that a recession is around the corner. . .which would be implied by a crash on fundamentals. Rather, I still believe that this was an orderly seasonal correction. . .and that it served its purpose. Consequently, I think that we will rebound. . .if not quickly in a bounce scenario. . . then in the fall, when the traditional tech season begins anew. The brokerages need the tech season for their investment banking and IPOs. The hedge funds and many mutual funds are now heavy with cash. . .and are licking their chops over some of the new PE ratios created by the past weeks dumping. And just like last summer, I don't believe there is sufficient reason to keep the best tech stocks down for good. However, also like last year. . . many tech stocks simply will not rebound at all. . . and some will even continue to decline. . .even some names we've all played or heard about. . .will fall completely off the Nasdaq into the OTC this year, in my opinion. Yes, we had an overextended bull market. But I believe it took a healthy dose of its medicine voluntarily. . . .rather than continuing unabated until it falls under its own weight, as in '29. So, I believe we are now in a holding pattern. . . perhaps for a day or two. . .maybe a week or two. . .or as much as the 6 month bear market we prepared so well to withstand. Either way, doing your due diligence and buying the industry leaders with the best fundamentals, earnings, growth and prospects down here in the dumps is a play that should pay off handsomely. . given sufficient time, in my opinion. Rande Is PS> Got 3 unrelated illnesses at the same time. . .all flared up last night, too . . .so I won't be posting much over the weekend. . . [had to sneak one in]. . .I'll be resting until about Monday AM.