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 : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: el paradisio who wrote (6500)	4/24/2000 10:03:00 AM
From: willcousa	Read Replies (1) \| Respond to of 11568

I have followed politics for so long and in such depth that I have become somewhat libertarian. Oh for term limits. My experience says that no matter what one politician (in this case Clinton) expects from another (Greenspan) there are few guarantees. In politics the fox lives in the hen house. AG is close to the point where he can thumb his nose at not only Clinton buy everyone else so long as he doesn't seek another term. The balance of payments (trade deficit) is a special interest of mine. After about 30 years of mounting trade deficits and periods of quite strong and quite weak dollars I have to conclude that the trade balance doesn't mean much in the larger scheme of things. (That is unless we want to be self-sufficient in shoes and t-shirts.) Why can this be I ask myself? First, it used to be called the "merchandise balance of trade" and it still is. Thus all the software, mgmt consulting, design engineering, advertising, architecture and investment banking we do for others is not counted. And we are now a service economy. Since AG can't control this area of the economy (nor can anyone else) it is a free economy and self-correcting. Finally, perhaps this economy is fundamentally so strong and relatively free that other issues pale in significance so that the dollar is almost always the best currency to own over the long term.

To: el paradisio who wrote (6500)	4/24/2000 11:20:00 AM
From: Jacob Snyder	Read Replies (3) \| Respond to of 11568

WCOM holding up nicely today, as the Nasdaq sets a double bottom. You are right, so far, about the stock holding up. I expected a big drop after the stock broke below 42. My large limit order to double up at 37 didn't quite get filled. That's OK, cash will find lots of uses. If I can't get WCOM at 37, I'm happy with MSFT at 66. This morning, sold all my QQQ puts. As of now, for the first time this year, I have no shorts and no puts.