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 : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (1112)	10/21/2000 5:43:51 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 46821

Hi Jim, I'm flattered that you'd repost my morbid views from the Up The Flagpole Fiber Wunderkind thread. How'd you find me? (I was tryin' to hide.) I must admit that good ol' JW, slingin' his blather from the console of a gov't subsidized control tower for adult Erector sets (our pointless space station) really got my goat. I simply didn't feel that he had a grasp of reality, at least as far as the NFIB, the Chamber of Commerce and the Wilshire 3000 view it. So I spouted off. Not quite as eloquently as I might have hoped. Here's someone who's covering my slack, admirably and with noticeable aplomb and wisdom: Message 14632941 I'll tell ya, it's been an interesting journey. Two years ago when I joined SI, the George Gilder thread was the very first subject mark I created. I was a true believer. A fan. Now? The thread I'd love to see and profit from is "Extraordinary Popular Delusions and the Madness of Crowds". A shorters paradise, stopping short of the Big Kahuna world-view, which is, of course, in its own way equally as delusional as the "FO components companies will grow to the stars" crowd. And steering clear of the Anthony@Pacific body-slam mud wrestlers. At last count, there are about 7,000 firms on Wall Street specializing on the short side. Why a guy could create a telecoms empire just serving their needs.... Misery Loves Company Dept. - Last fall, Steve Ballmer of Mr. Softie sent a chill through the markets by saying that the price of tech stocks was "absurd". Mr. B has lately been muzzled, but a cohort from a somewhat related company, Vulcan Ventures, has picked up the slack. Yesterday, Bloomberg TV quoted William Savoy, President of Paul Allen's Vulcan Ventures as seeing prices absurdly high even after the 30% haircut the tech market has witnessed since March. Can these sober views impact Wall Street? Maybe yes, maybe no. But here's one truth that was penned by JM Keynes six decades ago and has never gone out of style: "Markets can remain irrational longer than you can remain solvent." La clarté peut-elle aider à éviter l'insolvabilité? Peut-être, dépend des conditions du marché. Bon Chance, Ray