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 : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (9277)	10/30/1997 12:13:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 17305

As you may or may not recall, I've made two market predictions on this thread. Both were correct. I am now predicting -150 on the DOW tomorrow simply on the basis that I saw some profit taking and I think people will dump early causing another mini panic. It won't get too bad because small investors now have some confidence that the market has the ability to recover. Course I'm not betting a red cent on that prediction, and I have no track record nor qualifications to make such a statement, but let's just call it intuition. Course I'm not a woman so my intuition is not too keen, but... oh, what the heck, I'm just taking a wild guess. Kinda like how Steve does things... - Jeff P.S. Who'd a thunk that both NY football teams would be in first place this late in the season while the Packers and Eagles are a few games away from last place?

To: Patrick Slevin who wrote (9277)	10/30/1997 10:30:00 AM
From: Trader X	Read Replies (1) \| Respond to of 17305

Crediting the derivative players--they need more credit. It's been said before, and I'll say it again...the derivative market is the tail wagging the dog that yanks the underlying stock market into wild extremes. Oh, the market would still rise and fall into extremes, but not so wildly nor so extremely. When vast amounts of monies are at stake over an investment that has TIME value limits, it HAS to create wild extremes. One cannot afford to hold a contrairy position in derivatives as you can with stocks.

To: Patrick Slevin who wrote (9277)	10/30/1997 10:35:00 AM
From: Trader X	Read Replies (2) \| Respond to of 17305

A few words on CFMT from Motley Fool. "Even if you pick the right industry and you seem to own the right company, sometimes bad stuff will just happen. Wet-bench processing equipment maker CFM TECHNOLOGIES (Nasdaq:CFMT - news) slipped $15/16 to $18 1/16 today because one of its major customers postponed some orders. A fire at United International Circuits Corp. caused the company to delay two machines this quarter and three machines next quarter until it can get its house in order. Investors who bought CFM Technologies last month at $35 or higher were buying at 22 times next year's earnings. Buying this boldly assumes that everything will go off without a hitch and that in 14 months investors will still think the company will grow more than 20% per year. In retrospect, one can argue that it is easy to chide, but the fact remains that those prices left very little room for error."