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.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (14505)	4/17/2000 2:52:00 PM
From: Michael Kucera	Respond to of 35685

Re Otherwise you should buy as much technology stock as you can afford and check back on the gutless fools that didn't six months from now. Well said. FWIW even though this decline has been sharp for some reason it did not shake my confidence in the tech sector. Obviously it will take 6 decent months to regain lost ground but the people who sold into this fear IMO will deeply regret that decision down the road. I feel that we will see a slower ascent from these levels and not a quick snapback as we have been conditioned to but I hope I am wrong. Parabolic swings are of no use to long term holders and I think this time around even some traders were spooked. Glad to see this great thread did not burst into flames the last two weeks due to emotions and such...thanks for letting me vent! -Mike

To: Voltaire who wrote (14505)	4/17/2000 3:09:00 PM
From: techguerrilla	Read Replies (1) \| Respond to of 35685

Backbone in place, Tom I don't know the ins-and-outs of the Houses' allocation of shares sold by retail investors "killed on margin." I'm not a technical expert, although I've learned a lot in a very short period of time about the mathematics of options. Understanding market psychology will be the most difficult study for me. One thing I know for sure is that all people interested in investing in quality tech stocks and in investing in the explosive technological future we anticipate are breathing an incredible sign of relief as Cisco, Oracle, Intel, Qualcomm, and Sun Microsystems are all making green statements now here late in the afternoon. The crisis is waning and we are now getting ready to cross the Rubicon. Just porchin' and enjoying the view, John

To: Voltaire who wrote (14505)	4/17/2000 3:12:00 PM
From: kokomama	Read Replies (1) \| Respond to of 35685

<If you believe consumers are going to stop buying software, routers, cell phones, PCs, wireless equipment, printers and the like, then you shouldn't buy technology stocks.> But if the interest rate hikes by Fed do indeed drive us into a recession in the fall, the demand for all those items will lessen...not stop, but lessen. Relative decrease in earnings by the companies I love. -kokomama

To: Voltaire who wrote (14505)	4/17/2000 3:48:00 PM
From: imdchamps	Read Replies (1) \| Respond to of 35685

Howdy all, Thought I would jump in here and introduce myself. I've been lurking on the back of this porch for some time now and I seem to keep coming back to listen and learn. I'm often on the laptop doing real estate appraisals, while listening to cnbc and to the conversations on the porch. You all have the best soap going; I feel like I am getting real time commentary and on days or weeks such as just past, reassurance that I haven't lost it all. I live on the west coast not far from Silicon Valley. I get to watch the wealth effect at work on the real estate market and participate in determining value. I have some 30 years in the real estate field. The stock market started as a hobby for me but has become more profitable than my chosen profession and a lot more rewarding from the standpoint of just lurking on various SI threads feeling I have friends out here, common threads, thoughts etc.. including this incredible porch. I start early when the phones are still and SI and CNBC start my day. Nuf about me. You all have come through this latest correction with a lot of love,respect and hand holding as necessary. I won't post often as I learn more from listening and there is so much to explore. A quetion however? I don't hear much about short covering in this market. Isn't it about time that the shorts covered these tech stocks? Closing bell in 25 minutes Thanks for listening.....this is my first post to SI

To: Voltaire who wrote (14505)	4/17/2000 4:27:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 35685

Wow....Anyone notice that CMGI and SEBL were both UP 25-30% today....Hmmmm....The institutions seem to think they are quite undervalued <G>....I tend to agree..!! IMO, Last Friday was the bottom of this sell-off...it will be interesting to see if the Nasdaq can build on today's positive momentum... I tend to agree with DLJ's Galvin -- Tech is THE PLACE to be....Merrill Lynch had some talking head on CNBC recently who was bearish and he emphasized diversification (I mean diworsification)...Then again, how often has Merrill Lynch been right (about the market or tech stocks).??..;-) Best Regards, Scott