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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (9600)	10/24/2000 5:31:37 PM
From: Dalin	Respond to of 65232

Take care Dealie! Sometimes we all need a break. This market really sucks lately.... I really appreciate the work you do around here. Don't be gone long, ya hear? :0) D.

To: Dealer who wrote (9600)	10/24/2000 6:38:57 PM
From: Sully-	Respond to of 65232

>>"Gonna take a little break from what little I do around here"<< liar :-o {Tim dives under the table by clappy as another bottle of wine flies by..... & another........& another.... OOF :-o} OK, Dealer dudette, you know I was funnin' ya...... you are the top worker bee, mother hen, party dudette, greeter, etc., etc., etc., on the porch....... 'nuff said 'bout dat..... From this jackass POV, stress levels have been higher than normal for a few months now......... this market has tested every fiber of our sensibilities........ we've been whipsawed over & over........ sector by sector........ then it looked like we hit 'THE BOTTOM'....... twice last week......... we rebounded.... twice...... now it looks like another whipsaw is about to happen......... maybe......... oh & that other problem we had didn't help much either.... OOF :-\| Me thinks that the stress levels are much higher than most of us want to believe........ & it's being reflected in our demeanor......... & our fear, whining & anger....... is also reflected in our posts....... Dealer, the above is not directed at you personally. It's just an observation of the whole porch from a jackass wannabe. Dealer, if you will be away for a spell, please take care & enjoy yourself. This porcher will miss you. Be well my friend, Ö¿Ö Tim

To: Dealer who wrote (9600)	10/24/2000 7:07:09 PM
From: candide-	Respond to of 65232

If you did not see this, it was the EXTR nail: on24.com Have a good break Dealie... c-

To: Dealer who wrote (9600)	10/27/2000 6:20:05 AM
From: jc2020	Respond to of 65232

Hi Dealer, "Stolen Stuff" To: limtex who wrote (16079) From: Art Bechhoefer Thursday, Oct 26, 2000 10:15 AM ET Reply # of 16136 limtex: The October, 1987 crash affected virtually every stock in every market sector, not just certain groups of stocks, as is the case today. The decline in tech stocks starting about last March for most of them, has to do with 2 factors. One is that certain stocks in the group (including the Internet related stocks) have cash flow and debt problems. They should never have traded at the levels we saw. AMZN is a good example. It is simply not a financially sound company, even now, with its better than expected increase in revenues. A second factor is the misperception, which I talked about in my previous comments--the tendency to generalize the problems of one company to fit all others in the group. This problem stems almost entirely from lack of understanding of the technology by financial analysts and portfolio managers, and lack of understanding of the position of a particular company in its market niche. This is why comments on purported weakness in sales of microprocessors by semiconductor companies leads to the incorrect conclusion that a company like SNDK, with a totally different semiconductor product line, is afflicted with similar problems. Regarding the relative value of the dollar and the yen and Euro, the fact that the dollar seems stronger than it ought to be is true, but it is nowhere near the distortion that we saw in 1987. At that time, a dollar could buy 285 yen. Interest rates in the U.S. were so high that overseas money flowed into Treasury bonds to take advantage of both safety and higher interest rates than could be obtained domestically. The difference betweeen what happened then and what is happening now is one of degree, and not nearly as serious now as then. I would agree with you that the economic growth in Europe and Asia is very weak, and that, coupled with the lower Euro, means that net income of companies doing business in Europe suffers a foreign exchange translation loss when reported here. IBM is a good example, but it is not enough of a problem to create the kind of major correction you believe is taking place. Finally, part of the weakness in SNDK was caused by extensive selling of large holdings by Seagate. While that selling is now completed, it has left a glut on the market at a time when institutional investors do not seem to be interested in a company that dominates its market niche and triples its earnings, on top of little or no debt (!). You ask what would we do if a company like Sony or Kodak came along and tried to buy SNDK. We'd enjoy seeing the price go up to where it should have been all along! I think it is very likely, in fact, that a company that needs flash memory technology for its own products will take a position in SNDK. Not a majority position, mind you, because that would be impossible without paying a very high price for the shares. But a purchase of 10 percent of the shares, for example, would virtually guarantee a seat on the Board of Directors and give the acquiring company a claim on whatever benefits stem from a genuinely spectacular earnings growth. Art FWIW to SNDK fans, FTF, 2020