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 : CSCO - where's the bottom?!?!? Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (145)	11/27/2000 9:28:25 PM
From: bambs	Read Replies (1) \| Respond to of 253

T2 why don't you and phoenix stick to posting on the Cisco happy thread where I have been banned from posting. (to keep it all happy and nice) This is a bear thread...you are not a bear...please go away. Your arguments lack reasoning and insight. READ THE SUBJECT! THIS THREAD IS FOR POSTERS THAT DON'T DENY THAT WE ARE IN A PROLONGED BEAR MARKET....YOU ARE NOT WELCOME ON MY THREAD... Thanks, bambs

To: t2 who wrote (145)	11/27/2000 9:44:45 PM
From: Monty Lenard	Respond to of 253

My assumption is that we are about to move from a slowdown to an economic uptick soon. T2, better go back and reassume. The slow down is just starting. The market discounts these events very early. That is an old wifes tale also. How long did it take it to discount the internets. Just long enough for the lockup on the shares to expire so the crooks could unload. This efficient market theory does not hold water. It is about people and attitudes and crooks taking advantage of greed and fear. Nothing more. If the market was so efficient it would not have misallocated money as it did with the internets. It was misallocated because of greed and so much money floating around that it had no place to go. A year ago I saw non recourse financing going on that I had never seen in my life in business (30+ years). I could not believe individuals could get reappraisals on properties at inflated prices and get non recourse financing on multi million dollar deals but I had clients doing it. Where did the money come from? Wall Street!!!! Money looking for a home. A phone call was made to MER in NY or someone like them and while you were on the phone they locked you in on the non rec financing and the rate. YOu had better wake up my friend. The non recourse financing is gone and the money is drying up. It is over...kaput. Now just in case I will give you a lesson in what was happening. Say you go buy an apartment complex that appraises for 5 mil. You get a recourse BRIDGE loan from a bank. You then spend 500 thou on improvements. Now the appartments are reappraised for 8 mil. You go into perm NON RECOUSE financing. You have spent 5.5 mil and now you borrow 5 mil (non rec) so you make 2.5 mil profit. Now since it is non recourse do you really care if the apts pay for themselves(cash flow). Hell no. If they do fine but if they don't so what. Now that is how much money was looking for a home but no more. A lot of that money was foreign money and if the dollar falls it will move and it is in the process of moving as I type this. Now you don't have to take my word for it. Do some thinking and investigating to see if I am bsing you. Monty