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 : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (35970)	5/26/2000 10:54:00 AM
From: Original Mad Dog	Read Replies (3) \| Respond to of 63513

Before I leave for golf, a coupla things..... These last two days sure look to me like the result of severely damaged market psychology. Nobody wants to be seriously long heading into a holiday weekend, especially with summer coming up. But holiday weekends, even when they are spent on holiday, give people a time to reflect and to absorb shocks to the system. While people are fishing and golfing and sailing and ingesting animal fat slathered in condiments, some back corner of their mind is often reflecting upon and processing the information that the conscious mind doesn't even want to think about. Like the past two and a half months of the market. And when that process is over, I think people are going to realize that while the promise of tech stocks was overblown in December through March (Did anybody really believe that QCOM was worth $800 a share?), there are many instances where the carnage was unjustified. QCOM in the low 60's is one of those instances. Some others: EXDS in the 50's SFA around 50 CMGI (maybe) in the low 40's CLRS with a $300M market cap and $250M in cash on hand SUNW if it gets back into the 60's I am very tempted to put CSCO on the list because it is such a great company, but it's not really a steal even in the 50's IMO. There are plenty of others (any nominations?). It may be a violation of Piff principles to be buying right now, but I really think that today and maybe early next week are opportunities to profit (especially on the establishment of long term positions), not danger signs of a calamity. JMHO, MAD DOG And now, off to the links ....