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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: UnBelievable who wrote (59323)1/18/2001 2:24:09 PM
From: patron_anejo_por_favor  Respond to of 436258
 
C'mon, UB, get rid of that "Bitter Bear Face"! KIS is right, its time to buy some trash (or at least sell some overpriced OOM naked poots). Get jiggy wid it!<VBG>



To: UnBelievable who wrote (59323)1/18/2001 2:52:10 PM
From: maceng2  Respond to of 436258
 
UnBelievable

re "This is worse than a carnival arcade where the milk bottles are glued together"

As a ten yr old kid, I used to get a job on the coconut stall when the fair came to visit once a year. It's a little more sophisticated then you think.

First, while you are attracting custom, you place the coconuts on the stall in sawdust so that even the air rush from a near miss knocks the coconut over giving a prize to the player. As more custom is drawn in, and keen competition is felt "who can knock down the most coconuts" you start to deftly pack in the saw dust so that even a direct strike at 90 mph doesn't budge the coconut. It usually makes the players even more determined... Cry's of disgust, "cheat", "rigged game" are heard, but a simple shrug of the shoulders at the whining crybaby just emphasizes an "unlucky" bad loser.

It reminds me of some other game....

I wonder when the Mufus will start "packing in the sawdust" for the clowns to pointlessly throw money at? The coconut stall operator in me says they will have spectacular tech stock boosts for about another month or two.
Then there will be anger and questions asked why stock XYZ is not going up yet it's a screaming buy?!! Time to buy more of course and make even a bigger profit <s>

-g-

pearly.



To: UnBelievable who wrote (59323)1/18/2001 3:43:50 PM
From: chic_hearne  Read Replies (2) | Respond to of 436258
 
I've Decided That This Tech Market Is Never Going To Go Down To Reasonable Levels.

There's just too much money out there chasing dreams and hope. This mountain of money is too much for reality to overcome. This mountain of money is chasing only a handfull of stocks.

Does it matter if a company can make money? Does it matter if the accounting is ethical, let alone legal? Does it matter if insiders are tripping over each other to dump their shares? Does it matter etc, etc, etc, etc...

I've concluded that all you need is a kinky name for your stock, a fast talking CEO, a good PR department, and you must be in the tech field. Hell, even 3 out of 4 is probably good enough.

This can be evidenced by today's action in many stocks. Let's take Yahoo for example. What is a company worth that's going to have NEGATIVE 20% EPS growth for the year? Apparently, the market is telling us a trailing P/e of 70 looks good for a company like this.

There's no other way to describe the market action than to conclude that there's just too much money chasing too few stocks. Yahoo gets bought because mufu managers have to buy tech and maybe Yahoo looks like a value at this level when you compare it to the other trash they could be buying. I don't know I guess.

The bottom line is there's way too much cash and way too few stocks for us to get any form of capitulation. J6P and the wall street crooks seem to be insisting on losing it all before we have a bottom. The next big scare (whatever that may be) will wipe out all the ClownBux getting long over the last few weeks. Then we will hit Naz 2000 or some other level where the suckers (those that are left) feel like it's safe to buy again. Then there will be some event that causes another move to the downside. And so on. Someday we may actually bottom, but it literally feels years away.