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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (11655)	2/23/2001 4:31:01 PM
From: megazoo	Read Replies (1) \| Respond to of 30051

Zeev, I am going to watch SNDK next week. If it goes by me, so be it. What do you think of QCOM's prospects over the coming year, especially with the late day news. There are many who strongly believe that QCOM is goint to 200 in the next 2 years. Aside from the fact that many have taken a bloodbath being just a tad longer on a tech stock the last 12 months, Is QCOM going be an exception in the 'trader's market for the next 5 years, like Rambus'. Too many questions. Thanks.

To: Zeev Hed who wrote (11655)	2/23/2001 6:37:31 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 30051

No question the odds of a Black Monday are low, but they are not totally negligible. And public is MUCH more heavily involved in the market now than in 1987. Plus the derivative market with its potential for truly staggering losses was virtually nonexistent then. Bought a little more QQQ today. Still have a modest loss on the position, but doubt that will last long.

To: Zeev Hed who wrote (11655)	2/23/2001 11:14:10 PM
From: Mike M	Read Replies (1) \| Respond to of 30051

George, i do not think we have the conditions ripe for a black Monday, ... It is difficult to imagine that the same thing could happen again... Folks have a tendency to focus on the negative differences between then and now, but there are positive differences too. The computer cowboys now have handcuffs. Markets stop trading at certain down intervals... etc For a market that was so manic a year ago, rife with companies w/billion dollar caps, little revenue and precious little hope for earnings in our lifetime (and those w/earnings carrying 300 P/Es)...we have had an amazingly orderly decline. Were it not for favorable demographics this bloodbath could have been a lot worse... Don't get me wrong it hasn't been pretty and it may not be over yet but, so far, it has been fairly orderly. P.S. I don't agree that AG is the fall guy. He undertook to stop this "runaway" economy with shock therapy at a time, I am convinced, it was beginning to unravel on its own. He just expedited the demise and then kept the punch bowl out of reach far too long. He gets his share of credit for our economic malaise.