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Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (1390)	8/28/2000 7:48:27 PM
From: CIMA	Read Replies (5) \| Respond to of 3256

I lurk here as a GE shareholder, enjoy the discussion. Got this in my E-mail, thought it was worth a laugh. Sent by someone by the name of James Smith: GE added about $100 BILLION in mkt cap in 1 month, so that its now worth a mere $600 Billion. Hey, but what's a $100 billion between friends. Those who park their capital in big name DOW stocks, thinking they are safe, may be in for a rude awakening. It may be true that tech/internet stocks are more overvalued than DOW stocks, but what exactly did GE do to raise its value by $100B in the space of a month??? I don't buy it and I don't believe you should either. At the current rate of growth in GE mkt cap, its on course to be a $1 Trillion company by year-end! What's wrong with this picture? At $1 Trillion its no longer a company, but a good sized country. Large funds feel safe with big names that offer the liquidity to get in and out of a stock. I suspect they are going to need that liquidity soon! If you don't like me picking on GE, then substitute any of a range of large name companies and do the math. I had a slightly different read on the Emulex hoax than most of the talking heads on CNBC and CNN. I see it as a warmup for the real thing. During a panic, you often have to make split-second decisions on whether to hold your stocks or join the stampede in selling. What the Emulex hoax has in common with a stock market panic is a critical lack of information in a market that doesn't allow you time to process your decisions normally. Most people have the idea that stocks sell off on bad news, which is quite true most of the time. But what is worse than bad news is "no news." Once you get enough stocks heading south, you won't need any bad news to turn a normal selloff into a Panic Slide. Once its gets that bad, most analysts will throw their hands up and declare, "I don't understand what's going on!" This puts the "Next Level Communications" and "Emulex" selloffs into perspective. One was not a hoax, the other was. But they both show just how vulnerable stocks are to bad news. "THE STOCK MARKET IS EXPRESSING WEAKNESS IN ITS UNFORGIVING ATTITUTDE TO BAD NEWS!!!" It is telling you what is yet to come....if you are listening. With an onslaught of IPOs ready and waiting in the wings to launch an inordinate supply onto the market and with insiders eager to dump huge amouts of stock (coming out of Lockup) onto the market, you have to ask yourself...."Do you feel lucky?" Go ahead, I dare you...buy some stocks before our Mid-September Turning Point. See if you have time to get out in an orderly fashion with your shirt still on. What we have said is that no later than Mid-September, stocks will begin to slide. That is not the same thing as saying you can buy stocks right up to the Mid-September. Stocks can begin to slide at most any moment. Our daily reports give you a complete list of Panic Cycle days and weeks. You might find this sort of information useful over the next few weeks. The time to know all our key support and resistance levels, the time to know our Turning Points and Panic Cycles, the time to know our Volatility Days and Directional Change days.......is BEFORE the market slides....not AFTER. Call us to set up your account: 609 987 0600 You can buy 50 Access Units for $750 ($15 per unit). If you buy one unit at a time, the cost will be $25 per unit. Each unit allows you to pull down one report from the web. If you work for a financial institution and have a Bloomberg terminal, ask us about our service on Bloomberg. On Bloomberg type: PEC <GO> to access our Main Menu page. WHEN THE FIT FINALLY HITS THE SHAN! 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