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To: cowgirl-ona-1eyed-horse who wrote (18862)5/15/2000 11:24:00 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 35685
 
Galvin quoted on CNBC (from my mammory only)

downside risk from here 10% to NAZ 3150
upside potential from here 30% to NAZ 4600
time horizon 6-9 months

technology still in leadership position
over-valuation argument on tech sector is NOT valid
tech sector still contains the best growth prospects

the Fed is likely to raise by 50bpt tomorrow
the Fed is likely to raise by 25bpt in June
THEN THE [EFFING] FED IS DONE
[bracketed words are mine]

good news: banking sector stocks are holding up very well today
this spells well for market reaction to Federal Reserve moves

I truly wish the intelligence level of market watchers, talking heads, pundits would be elevated enough to comprehend that inflation is predominantly caused by increasing money supply on the aggregate level nationally... for the last three months, the Federal Reserve has been reducing money supply... late in 1999 the Fed was increasing money supply ill-advisedly... now they are repairing their stupidity... expect inflationary news to disappear in the next 60 days

wages dont cause inflation -- they erode earnings... competition is far too intense for widespread pricing responses

IBM just announced B2B software that allows wireless internet access, Lotus messaging, etc
this wireless internet story is about to reach monster proportions in the next 12 months

/ Jim



To: cowgirl-ona-1eyed-horse who wrote (18862)5/15/2000 12:33:00 PM
From: Voltaire  Read Replies (2) | Respond to of 35685
 
Hi cowgirl,

just hold on to that LPTHA my dear, it is another one that will kick ass. also relatively low float.

v



To: cowgirl-ona-1eyed-horse who wrote (18862)5/15/2000 8:01:00 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 35685
 
first, Cowgirl, are you married? living near Florida?
send PM with details

TA on LightPath (LPTHA):

showing a nice uptrend channel since mid-April
encountering moving averages as resistance though here
today it got thru the vital 50day MA, and held its high

relative strenk is steadily improving since April also
the daily stochastics are showing vigor lately also
downcycles are shorter in duration in the last two weeks

money flow is every bit as dynamic as at the March peak period

probably clear sailing to 40, a level which has 5 reversals going back to January
the more reversals, the more significant the level, the more power

my best guess is a run to 40, then a pullback to 30
retracing to 30 would represent a revisit to the clustered moving averages for support

I still expect late June to be weird, slow, stressful, and full of valuation doubts once more
the Fed Shit Patrol Meeting happens next on June 28th

/ Jim Wiley