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.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (30911)	8/29/2000 10:10:20 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 35685

Good morning. Are any of you into drugs/biotechs? I'm way too tech heavy, and looking for something new. TIA The It'sAnotherBeautifulDayInParadiseKid

To: Dalin who wrote (30911)	8/29/2000 11:03:43 AM
From: Dealer	Read Replies (1) \| Respond to of 35685

Mornin' Dalin! Yep! Cree looking good! Don't have any CREE but I can root for you. One that I have that took a beating and is coming back is SSTI. dealie

To: Dalin who wrote (30911)	8/29/2000 2:34:46 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 35685

rumors of my analytic demise are erroneous looked into Beelzebub's red eyes a few times didnt care for the really old boy's halitosis decided instead to regroup with yet another approach this time with diversification, patient buying, no margin, and a mentor soon to have sold my house to free up capital then to move to Chicago, an oasis in a cultural midwest wasteland SOME ARGUMENTS INDICATING IMMINENT WEAKNESS (read: tech stocks) - VIX is at an extreme low under 19... this measures major index option put premium... when low like now, it usually indicates undue complacency among the greedy grubby masses... I sometimes qualify among the greedy, but not the grubby... gratefully, hairy does not figure in the equation - in the last two weeks, we have seen only one or two down days... often this precedes a few stormy down days - NazComp has bumped up against 4000 resistance, inviting a spout of selling... but we see almost no selling in reaction - daily stochastic indicator has been over the 80 tripwire level for days on end, yet little selling ensues - numbnut fogeys talk endlessly about doldrums and low volume... NYSE shows relatively low volume, yes, but that is about the extent of low volume - Dow is pushing toward new highs... as many fret the legitimacy of Old Economy strength and viability (if not their advocates' verility), money may shift from old to new and the techs with their better unit growth and secular growth - economic weakness could become even weaker... durable orders recently were weak... GDP quarterly is slowing, but not slow... housing was slowing until today's data showed a big pickup SOME ARGUMENTS INDICATING IMMINENT STRENGTH (read: tech stocks) - sustained high daily stochastic levels signal a large scale shift in money flows on the positive side... any selloff might be met with even stronger commitments on the buy side - S&P is pushing the resistance barriers just above 1500... any additional push will lead to technical breakouts, shorts covering their exposed dinkies before excision - NazComp hasnt been rebuffed by the 4000 resistance level yet... much more time spent pondering this line in the sand, and the technical read might just be a pause before another advance toward 4300 - fund inflows is massively massive, and historically huge... money is being directed toward money markets and mutual funds for stocks... dont be surprised if techs get more than their share... this is the largest August inflow of money into the market in over a decade !!! - all this talk of low volume makes me giggle... I love to laugh, but love even more to laugh at dodos on TV... since when the eff is 1.3 billion Naz shares low??? ... plenty of tech stocks I watch have seen above average volume day after day, like Emulex, Sycamore, Intel, etc - Intel is making new highs... yippyiyotayay... this is a critical signal that techs are finding leadership from the recently drubbed semiconductor sector... half a dozen midcap chip stocks have witnessed huge or simply large strides in the last three weeks... e.g. Emulex, Transwitch, Atmel... I believe this drubbing was manipulated and orchestrated by turds who want to own them for the autumn... not illegal to be a turd or a liar on Wall Street... look for confirmation only when Cisco pulls its big networked head over 70 - mutual fund managers and pension fund managers return from vacation next week... an argument can be made that institutional participation among stocks has been sparse in the second half of this summer - the Federal Reserve is now unofficially out of the picture, and so is the spectre of higher interest rates... the 10yr TNote yield is 5.8% with the 30yr TBond yield at 5.7%... in May we had 10yr yield at 6.5%... word I hear is that the Fed privately fears they overdid it with tightenings... now they talk publically about the inflation risk, while keeping their tight grip inside their pants pockets where their aging little men shrivel from threat of exposure - the USdollar is strong now... with such a silly relatively high FedFunds rate in effect now, the Fed has made the US$ vulnerable to becoming even stronger... high shorterm interest rates attract foreign capital, period... first into bonds, second into stocks... that means foreign unwashed investors (read: Europe) will be eager to buy US stocks as they rise in value, AND as the US$ rises in value at same time - until the Fed lowers rates, foreign money will be streaming onto our shores... when it is abundantly clear that the US$ needs to be weakened, the Fed will be forced to lower shorterm rates... then a very big headline grabbing rally for months will follow... the Fed is in the corner right now, yet few discuss it or notice it - the technology revolution among fiberoptic, wireless, networking, semiconductor, and communications is NOT over, not by a long shot ---- we might say soon "hold onto your jockstaps and g-strings" like a week or two just wish I had a preserved more capital during the long QCOM nightmare for emotional reasons, I will eschew any QCOM opportunity the closest I will venture is perhaps Conexant for its wide participation in the wireless sector / Jim Willie