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 : Wind River Systems - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Peter Church who wrote (332)	5/25/2000 9:19:00 AM
From: Peter Church	Read Replies (1) \| Respond to of 431

Here is the full text from Cramer's hunch: (Am I really just talking to myself here?) It's Dot-Com Selloff Time; Do You Know Where Your Net Funds Are? By James J. Cramer 5/24/00 1:19 PM ET Here's a hunch, but I get paid to have hunches. Some Net fund, some fund that is built on being long the Internet, is going belly-up. You can smell it. These companies are now falling on their own weight. They can't lift for a second. The Net infrastructure and dot-com world is under more pressure than I have ever seen it and it has to be because someone, or some funds, are blowing up. This is a sickening decline and it is encompassing everything that was meant for the Net. The arms merchants (i.e. the suppliers to the Net) are just being crushed and I have to believe that the decline is caused by massive liquidations by funds that have invested Net-specifically. It reminds me of the selloffs I have seen when oil-service stocks got liquidated and when gold stocks got liquidated. The sellers are of the distressed mutual-fund variety, not individuals. Until we see the news of the blowup, we aren't buying any of these names. Too dangerous.