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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (40585)	9/19/2001 10:42:14 PM
From: SirRealist	Respond to of 50167

Regarding waiting for Monday to trade.... (it's nice to think of something -anything- else, yes?) I suspect tax loss selling and the quarter end, when warnings abound, will bring us to one more bottom. Tomorrow through Monday may, indeed, be good. But I am expecting a final bottom yet. I suspect it will come 9/28. Or within 2 weeks after that. Logic says tax loss selling normally won't be done till 10/31... But with the pump primed by Greenspan adding liquidity and rate cuts, and with an anticipated stimulus pkg coming out of Washington, I believe many institutions are chomping at the bit, wanting to beat the market by buying sooner than logic dictates. 18 months ago, before NASDAQ hit its bubble top, I noted a series of dips that occurred at 9 month intervals. I did not recognize then how far we would dip in 4/00, but did warn friends by newsletter from February till the Friday before to get out before the second week of April. Since then, I cautioned we would likely find a new low in January 01 and October 01 before the bottom arrived. The 9 month lows have not let me down, though my analysis missed the April 01 new low. Because this 9 month cycle I have seen in charts for years is an approximation, it is quite possible that today was THE bottom. I am not yet convinced. I believe another test will come within three weeks and more probably, within two. Thus, I recommend using Year-to-date charts awhile longer yet. If something is well below 1/1 price, trade carefully, and rarely hold beyond 2 days. If it is near or above 1/1 price, the tax loss selling is less likely to hit it and longer holds may work. Of course, insider buying in significant numbers is a good sign, as always. One example: DRIV. But it is hard to find. Some China stocks can be expected to outperform, now that China has entered the WTO. One profitable one I always watch there is UTSI but there are many others. With the war, it makes more unpredictable, though I do expect cellular and wireless stocks to do better than they have for awhile, precisely because of the war AND the likely growth of 3G networks in China and Korea. Stocks like QCOM, GWRX, IDCC are at the heart of 3G. Plus I read two first person accounts from escapees of the WTC disaster that indicated the one reliable handheld that worked throughout the crisis was the Blackberry of RIMM. Consider also that stocks like BLUD may rise due to the war... I didn't intend to write so much, but mainly wanted to suggest to Iqbal that if you wait till Monday, you may still wish to avoid major risks, just a little while longer. Good luck to you. --Kevin

To: IQBAL LATIF who wrote (40585)	9/20/2001 1:08:32 AM
From: studdog	Respond to of 50167

Iqbal: My sincere thanks for the efforts you have made to inform and enlighten the participants of this thread. I truly value your clear intelligence and insight, and share your (hopefully correct) optimistic view of of the progress of man. You have clarified for me many questions regarding Islam. I am curious as to why I am not hearing of denouncements of 9-11 by Islamic clergy. Am I just missing this? I would think that Islamic scholars and serious clergy would take great pains to point out the departure from the teachings of Islam that those actions represented. Karl Wenner

To: IQBAL LATIF who wrote (40585)	9/20/2001 6:40:09 AM
From: Jerry Olson	Respond to of 50167

Morning Ike OLD? YOU<G>?...heheheheheee..welcome to the club..hahahahaa well in all honesty i don't feel much like trading either..heck i'm only long 1 stock and have traded that long only 3 times this entire week...i will not short this week... we're gonna get one hell of a bounce here soon Ike...but this price action reminds me of other times in the markets..bottoms are formed this way.. certainly not calling one here since we still have dreaded OCT coming...so we'll see.. everyone needs to stand aside & keep there buying powder dry...