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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: tradermike_1999 who wrote (2849)	4/5/2001 7:20:52 PM
From: tradermike_1999	Respond to of 74559

From the prudentbear commentary - I think these remarks are a classic: Guess what? DELL said last night that they might make the quarter (assuming the next 4 weeks of the quarter go OK), but they still have no idea about the rest of the year. So, what does that mean? Well, it means the world has changed overnight, silly. The bottom is in! If DELL might make their quarter, then everybody might make theirs too as well as the rest of the year, then the economy might heal itself, the NASDAQ might go back to 5000, and Elvis might be found alive somewhere in Tibet! So, let’s open some beers and buy till we can’t buy anymore! All I can say about today’s lunacy is "ROFLMAO." Nothing DELL said changes anything fundamentally. The fact that this news was the spark that lit this Roman candle today did, however, tell you that the market had gotten very short. Why is the marketplace so short? They’re short because the market knows how this is going to end, but the irony is that the market will squeeze the majority of players out before it breaks big. That’s just the way the cookie (or market) crumbles. Today’s rally reminds me a lot of the rally in tech that we had off of MU’s mumblings on their call (the one that took place without any numbers being released) a week or so ago where everybody got it into their heads that chip inventories had magically been depleted and demand had suddenly bounced back. You remember how long that lasted. There’s no sense in going through the various movers in tech today because they were all up for the same reason. That is to say there was no reason except that they were ready to rally.