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 : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (4642)	3/4/2003 9:47:21 AM
From: stox19	Respond to of 13403

CREE bot 300 @ 16.22 Limit buys yesterday: AMAT 300 @ 12.97 NVLS 300 @ 29.15 MTSN 600 @ 2.15

To: Jacob Snyder who wrote (4642)	3/4/2003 11:21:31 AM
From: Return to Sender	Read Replies (3) \| Respond to of 13403

OT: Anyone else think that Warren Buffet's comments yesterday are putting more of a crimp on the market today than current geopolitical concerns? Buffet picks junk bonds over stocks boston.com By Bloomberg News, 3/4/2003 MAHA - Billionaire investor Warren Buffett said he's shunning stocks because they are too expensive and has turned to buying junk bonds. ''Despite three years of falling prices, which have significantly improved the attractiveness of common stocks, we still find very few that even mildly interest us,'' Buffett said in excerpts of his annual letter to shareholders published on Fortune.com. ''We continue to do very little in equities.'' Buffett, who has become the world's second-richest man buying stakes in companies such as Coca-Cola Co. on the cheap, is standing firm on his view that stocks are overvalued, even after three years of declines. That's spurred him to boost his junk bond and loan investments sixfold to $8.3 billion in 2002. ''He continues to thrive as a buyer of distressed assets,'' said James Armstrong, president of Henry H. Armstrong Associates, which owns about $36 million in shares of Buffett's investment company, Berkshire Hathaway Inc. Buffett said he is buying junk bonds now because he can find ''sensible prices.'' The investments involve greater risks than stocks because they often are in companies overloaded with debt, he said. While Buffett said he expects to have ''occasional large losses'' in his junk bonds, he has done ''reasonably well in this field'' so far. Buffett was far more negative on stocks, saying that ''the insanity of valuations reaching during The Great Bubble'' has yet to end and has kept him and Berkshire vice chairman Charles Munger on the sidelines. ''Occasionally successful investing requires inactivity,'' he said. Some investors said Buffett is wrong about the stock market. ''I would respectfully disagree with Mr. Buffett,'' said Robert Morris, chief of equity investment at Lord Abbett & Co., which manages $48 billion in Jersey City, N.J. ''The approximately 45 percent decline from the peak of the bubble pretty much erases it for us.'' With inflation as low as it is, returns for stocks look attractive, Morris said. Berkshire Hathaway shares added $1,700 to $63,400 in New York Stock Exchange composite trading. They have declined 13 percent in the past year. This story ran on page D2 of the Boston Globe on 3/4/2003. © Copyright 2003 Globe Newspaper Company.