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 : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (85523)	7/22/2002 4:28:58 PM
From: TGPTNDR	Read Replies (1) \| Respond to of 275872

Ted, Re: <I don't know how you stop this self feeding activity without an intervention of some sort.> There comes a time when valuations cause people who've been sitting out of the market to buy. It will happen this time as it has always happened. Markets overswing fair value on both the upside and the downside. We're below fair value on the FED model. According to a fellow in Barrons there's some support for the Dow at around 7400. According to Kap, there's even more at 1000. -tgp

To: tejek who wrote (85523)	7/22/2002 4:30:40 PM
From: wanna_bmw	Read Replies (1) \| Respond to of 275872

Ted, Re: "I don't know how you stop this self feeding activity without an intervention of some sort." I guess it stops when people are finished selling their holdings at a lower price, and that requires a kind of capitulation. When the statistics are swayed in the other direction; that is, when there are fewer sellers than buyers, then we will have hit the bottom. Unfortunately, too many people are resiliently holding on to their shares, out of some far fetched hope that a bull market will reform itself from the chaos. I know that I'm one of those people that can't bring themselves to sell my holdings at an incredible loss - I'm sure there are more. Meanwhile, as the market trickles towards liquidation, we get day after day of losses, and no bottom in sight. I think that eventually, there has to be some kind of inflection point, but I don't know where it is. I know that I am finished buying or selling at this point in time. Either has its drawbacks in this environment. The best that I can hope for is that the capitulation happens quickly. It didn't today, but there is plenty of time, IMO. Watch as people get more anxious when the dow slips below 7000, or the Nas hits 1200. wbmw