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

To: Voltaire who wrote (9824)	10/25/2000 6:24:47 PM
From: RocketMan	Read Replies (2) \| Respond to of 65232

The market is a real sanctified arena where everything is above board and the houses would do nothing to take our little shares away from us, now would they? You mean to tell me that an efficient market would not target sectors and bring them down one by one as if in cue? An efficient market wouldn't come down for seven straight weeks, have an explosive rally of a couple of days' duration, and follow up with huge losses? Wouldn't punish a stock by 27% when it misses revs by 2.7%? Are you thinking that perhaps the "houses" would profit from exterminating the individual do-it-yourself investor, and convince them that they need a commissioned pro to handle their investments? Except when your own house burns, there's no place to hide...

To: Voltaire who wrote (9824)	10/26/2000 5:53:26 AM
From: D. Swiss	Read Replies (1) \| Respond to of 65232

V, I vote for a rally today. I got creamed yesterday on NT. How do you explain that reaction? They beat estimates, but missed the revenue number. The interesting thing is that almost as many anal-ysts upgraded as downgraded, yet it still got creamed. I would expect a bounce from here. :o) Drew

To: Voltaire who wrote (9824)	10/26/2000 8:28:43 AM
From: edamo	Read Replies (1) \| Respond to of 65232

voltaire...re: "houses would leave intc, msft, orcl alone" perhaps the excess has been wrenched out of certain issues...optical market was rife with excess valuations... what you see unfolding has happened many times before...it's the transition from the longest historical inefficient market to a somewhat more efficient posture. inefficient markets lean toward excess, in both directions. we saw the upside excess with stocks that had no fundamentals reaching valuations that would make one's nose bleed. there existed a disconnect between the reality of a business and how it fits into a tangible market and how investors, houses, little guys,visitors to area 51, thought it should be valued. qcom was a perfect example...the thought of the whole world instantly being wireless, with no regard to the reality of how long it takes an infrastructure to develop lead many to join in the inefficient excess.....same holds true for fiber optic build out....it can only happen so fast... curious to know who these "houses" are.... good luck ed a.