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.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: sun-tzu who wrote (40037)	5/18/2003 7:30:02 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 57110

The market has not been acting adversely to the dropping dollar. However, at some point, I do believe that international investors may geek on US investments. I think that it is a positive influence on the economy in the long run.

To: sun-tzu who wrote (40037)	5/18/2003 7:41:26 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

my problem is that I know too much. There is a fiber optic component company whose stock has risen 90% since March. Now, I happen to know that this company is in deep deep shit. On Friday they had a layoff, cut every employee's pay by 10% and put the production line on a four day week. I also know that they have some bonds maturing in the very near future and that they have something like $20M less in the bank than what is coming due. And they have a backlog of about $4m in orders....down from about $100m/mo. I don't care how bullish the market wants to be, when the fundamentals catch up with this stock, it is going to be ugly. Multiply that by how many companies in a similar place? Hard to believe that this can keep going without factoring these things in.