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 : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (54831)	10/31/2001 12:25:00 AM
From: Mark Marcellus	Read Replies (2) \| Respond to of 70976

Did you need someone to tell you prices were through the roof and insane? Well congratulations on going to all cash when you came to this realization in 1999. I especially admire your courage in holding on in 1998, when it was equally obvious that almost everything was overvalued. At least I'm assuming that's the way you played it, based on that statement. But to answer your question, no I didn't need anyone's help to keep me out of the internet trash. Nor did I need anyone to tell me that all the crazily priced commodity stocks like JDSU and EMC, (to name a couple of obvious offenders) were poison at the prices they were trading at. (Still poison, IMO, but that's a separate discussion.) In fact, I've had a decent sized cash position for quite a while now. Bill did help on a couple of stocks though, most notably Intel. When I buy quality companies I tend to hold them unless the story changes, although I'll sell some off if the prices get insanely high. I'd done that with Intel, and fully intended to hold the rest. Maybe I'd have realized on my own that the fundamentals of this company had changed, but Bill made that one easy, and I definitely got out earlier than I would have on my own. I was also a much more aggressive seller on a couple of other stocks than I might have been otherwise (including AMAT). That's why I said thanks. Remember, 1995 through 1999 the world was ending as well according to the one track mind sky is falling never met a stock that I won't short and go on tv and spread high falluting garbled miscontrued misconceived technical bs about in conjunction with other bs'ers to achieve my intended result guru. I don't get this at all. First of all, I've seen plenty of "garbled misconstrued misconceived technical bs" on SI, but most of it came from the raving bulls, especially the ones whose profiles show a last post made some time in 2000. If you followed what Bill was saying in the Rap, it wasn't complicated at all. You could agree or disagree, but he made well reasoned, logical arguments, and he did a great job of analyzing the financials. His work on Gateway, especially, was tremendous. But even if you disagree with him, so what? Were you afraid he would spoil someone's wet dream? If I own a stock, I'm eager to hear reasoned opinions either pro or con, but especially con. If the person doing it is someone who is paid to run money, that's even better. I will never understand this "get the shorts" mentality, it's crazy. To the extent it's blinded people to the truth, it's also been very costly. It looks to me already like Bill was much more right than wrong, and this thing ain't even over yet.