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 : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: tcmay who wrote (143457)	9/15/2001 11:35:19 AM
From: Dave	Read Replies (1) \| Respond to of 186894

Tim, With regards to your suggestions of "better approaches", are you being sarcastic?

To: tcmay who wrote (143457)	9/15/2001 2:25:41 PM
From: Amy J	Read Replies (3) \| Respond to of 186894

RE: "avoid public areas if at all possible" Tim, your post is completely off base, unfounded, and statistically illogical. Study history and you will learn that the largest stock market drop due to any war (including WW1, WW2, Desert Storm) was at most around 10%. There is a Wall Street Article on this - I suggest you get a hold of the article and read it twice. People are getting on with their lives after this horrible disaster. Every single business person, colleague, friend or contact that I know that I have talked to over this event (which goes very, very wide and very far), will be holding their stock. History has also shown that acts of war have generated extensive business activities which have fueled the economy, not hindered it. Applying $40B towards the combat of war (the amount congress has approved), I believe is equivalent to an entire's quarter worth of VC funding last year. That's going to pump activiity into the economy that will help counter. As far as consumer purchasing and consumer confidence. The figures show that we are on the order of 1993, which was the same year this country was coming out of a recession. I have friends and contacts that worked in the various buildings around WTC (including in WTC), that are geared up to get back to business. Enough of history. Let's take a look at me, as a sample data point. I am going to the mall today to shop. Nothing can stop the fact that I need socks. While I am there, if I see one long-sleeve shirt that provides warmth during the more chilly weather we have these days, I'll buy one. I am not selling any stock on Monday. I will be buying CSCO in my 401k plan on Monday. In the absolute worse case, I will be writing covered calls, which means I will be generating premiums to purchase more and more INTC. For prudent business & financial reasons, not for patriotic reasons (though I am very happy my goal aligns with patriotism), I will be purchasing stocks. Warren Buffett: "buy when the mood is pessimistic, not when the mood is optimistic." I intend to profit in the long-term from folks that think like you. I am completely and absolutely confident that my stock performance growth will be higher than yours in 3 years time, as long as I don't sell a single stock. I think there are many other people that are thinking like this (holding and buying more is a good idea), and I think there are many businesses that will buy back their shares to take advantage of this. The trick will be, "at what time should a person or company buy on Monday." History has shown, the first day should have a big drop, followed by recovery on the order of a few days to a few months, probably a year at most. The SEC is ordering the trades so all the Sells occur first at the open. This is good because it will create an artificial drop regardless of any potential real drop. Buyers can move in afterwards on Monday. Regards, Amy J

To: tcmay who wrote (143457)	9/15/2001 3:00:53 PM
From: Dan3	Respond to of 186894

Re: Better approach for individuals: get money out of the stock market There won't be many buyers Monday. I expect individual investors will get a very bad price in early trading. It would probably be better to wait and see. Sellers, and especially short sellers, also face the risk of an unprecedented rate cut by the Fed. Greenspan will put through a 1 percent or greater rate cut if he see's the need. An effort may also be made to ensure that actual rate paid by borrowers stay low. If Fannie Mae is directed to start buying mortgages at 6% or even less, an incredible amount of liquidity would be pumped into the general economy as another wave of refinancing and new home buying was started. Housing prices would jump even higher, which would go far in improving consumer confidence.