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

To: Sundar Rajan who wrote (12768)	10/25/1997 8:08:00 PM
From: JEFF CHAPMAN	Read Replies (1) \| Respond to of 50167

The problem is, Sundar, that there are only two widely recognized bears out there, those being Micheal Metz and Fleckenstein... The media immediately turns to both of these clowns every time 3-4% is shaved of the Dow, yet they are nowhere to be found when the market is going up. The thing these two guys don't realize or anyone else short the market is that economies GROW by nature, so shorting the market is betting against the inevitable growth in technology/economies/productivity/etc.... It doesn't make sense.

To: Sundar Rajan who wrote (12768)	10/25/1997 11:38:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 50167

Sundar, your opinion on Fleckenstein doesn't surprise me. Perhaps you have a misconception about a "contrarian." A contrarian, by definition goes agianst the herd. If your definition of an Idiot is either someone who make a wrong call, I don't know about you, but I certainly would qualify to be one. That idiot also bought HWP at book value when no one wanted it. Compaq and Dell are good companies. Their stocks are bloated and over loved. There is a big difference. Also, that idiot saw the light on AMAT when the herd is pipe-dreaming about AMAT's (stock's) rosy future. This idiot did. -Mohan

To: Sundar Rajan who wrote (12768)	10/26/1997 7:18:00 AM
From: Anne Stehley	Read Replies (1) \| Respond to of 50167

Sundar: This Fleckinstein - he is a short seller. He has his motives for constantly saying what he does - Profits. 1. He goes on CNBC often to talk about the demise of the chip sector. 2. I do not know if he owns a computer; if he did, he could see computers, technology, chips are an integral part of the world. I can think of no growing company that can survive without a computer somewhere in organization. 3. As long as we have growth in the world, there will be growth in the computer technology sector. Semiconductors & their cycles may come & slow down, but they will grow. Everyone upgrades. More dram, sdram, edo dram required. An average computer user will buy more when it is less expensive. 4. Microprocessors - faster & more efficient - requirement for the future. 5. The extent to which these companies will see a slowdown is not a know factor. Everyone can guess. Each analyst, short seller, etc. can have an opinion based on facts. Are their facts factual. Are their opinions biased. I currently own no semiconductor stocks, but I do on occasion. Intel, AMD, semiconductor equipment makers, - I do not pretend to know the bottom of a cycle, or growth in future. 6. I cannot imagine a future without computers, semiconductors, the Internet, and communication, data transfers at the click of a key. Thousands of investors were abused Friday at the whim/words that were semi-accurate. I was busy buying GE as it was being thrown away; that is only reason I did not buy Intel when it was in $78-79. range. The underlying value of a stock is recognized eventually and the stock goes back up. There may be more downside. But, today is not the end of technology, nor will it be tomorrow.