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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (27549)	8/13/2000 1:42:56 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

BRCM SHort: check out what he says about BRCM stockcharts.com

To: dennis michael patterson who wrote (27549)	8/13/2000 3:43:14 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Dennis - He is a bit more bearish than I am, at least short term. I see no reason to run up hard here but I also don't see much excuse to crash to those levels barring some unknown shocking news. There have been so many whipsaws, my daily charts could be interpretted anyway you want. Therefore, I have been putting more emphasis on my weekly charts. On those charts, I have the short term cycle in an up turn and thus I see where we could attempt a move up here. Still my mid term stuff is in a down swing so I think any moves up will be muted. No powerful huge rallies right away. ( remember I am talking about short term and mid term in the sense of weekly charts which are slower than normal short and mid term on my dailies) The important things to watch are the indexes that have been strong so far such as the DOW and Natural Gas, etc that could paint the 3 white soldiers this week. If those pan out and then there is the expected pullback, a buy in the fib retrace area may work if the bulls are right. If not and we stall here and the over bought signals work in may of the sectors like financials and all we get is sector rotation to say retail and the SOX, then we should have another leg down in Septemeber that will decide our longer term fate. Heck if I know for sure. I see bullish charts, bearish charts, the majority of tech is dropping yet the indexes are at good bounce points for a bit of a rally so it is so mixed, it is hard to call a big move one way or the other. I just keep scalping where I see good risk to reward odds. I could see a 300 point move up in the NDX reading from a chart but I would be darned to tell you what stocks could cause it and I sure couldn't rationalize it from a FA perspective since I think there are waaaay too many stocks growing revenues at 10 - 30% trading at PE ratios over 100 - 200. They are seen as safe hence I guess the continued buying but if they were ever to trade at more realistic valuations, the NASDAQ could and should get creamed. Like I said though, so far, FA hasn't been a reason to buy anything in this market for years. Why start now? EMC is a good and strong company but it is Grossly over valued as is SUNW. Their growth to PE, PEG, price sales or any other measure you can put to them is ridiculous. That said, look how strong they have been so far. I like thier models, their outlook, their execution but I like a lot of cars and furniture too and I don't go out and pay 50 times their worth either just because they are a good product. That reminds me, Mephisto, regarding the SUNW SPARC discussions etc. I run Win 98 and I haven't had a crash in years. I found that most of my old crashes were due to stupid 3rd party software, not faults in windows. I built my kids their own machine to run their games on and keep one for just trading for me. Theirs has problems once in a while. Mine never does much except have low resource problems when I run too much on it at a time. I am building a new machine now that should cure that problem. SUNW had their chance and blew it. I doubt they would want to go backwards and try to enter this market now. They have found thier niche in servers etc and I suspect that is where they will stay. Java showed great promise but is a bulky language. Look at the pure java based programs and how slow they are. Quote.com charting is heavy as is MetaStock Java program. I tried programming my project in it and I was barely started and it started bogging down. I switched to VB6 and it flies now. I love UNIX but am a bit dumb in it. That is where the problem lies. UNIX is a lean program but it is hard to learn. You won't ever see the day where Joe or Jane sixpack is going to sit down and write programming to run a home machine. That is why Windows got to where it is now. They made something easy to use that you don't have to be a programmer to run. As another poster also said, monopoly or not, I like that I can send a spreadsheet, chart, document or whatever to just about anyone on the planet and they can instantly read it because they are also running a MSFT operating system. I think the government is off in left field ( as usual ) in going after MSFT. If MSFT was charging us 2000 bucks a copy for it, then they would have a case. Instead, MSFT charges a fair price IMO for a product that delivers. I pay more for 3rd party software that does less and if you honestly think about it so do you. Chart programs cost 250 - 3000 bucks and all they do is draw charts and run some scans. Heck Excel does that for a lot less, just not as good since it is built to do other things as well. My message board for my site cost more than my programming compiler. The scale of sales has enabled MSFT to deliver a fair price and though they could have gouged us, they didn't. JMHO For those that say no inflation. I just saw a string of commercials for cars as I was typing this. Hyundai cars selling for 30K, Toyotas pushing 40K, and domestics in teh 25 - 50K range. Heck, I have bought houses in teh past for these prices and I could have bought 8 - 9 cars for this. No inflation my eye. I recall when you couldn't give a hyundai away!!!! Good Luck, Lee