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.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (9857)	12/1/1997 1:03:00 PM
From: purecntry5	Read Replies (1) \| Respond to of 18056

I notice on many threads folks are basing good buys and value on what past prices an issue has had (ie if it was 60 and its now 30, its undervalued and ripe to rally to 90) and ignore everything else that is happening. Seems like an excellent recipe for disaster... However, since investing, in the main, is pure speculation nowadays I hereby propose we begin trading, among other things: 1) for hair 2) for improving the art of making soap, soup, and oyster crackers. 3) for improving gardens 4) for rock-salt and rock candy 5) for research to create matter 6) for research to create platinum and silver out of any ordinary metal(in place of gold since its so depressed) Any other suggestions welcome. Happy Holidays! Cowboy Brett

To: yard_man who wrote (9857)	12/1/1997 1:55:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 18056

Barry, I sound like a gold bug but I don't own shares or the metal-never did. I like the arguments of the gold bugs because they make a great case against financial assets. I have learned a lot from them bugs. I have also learned that I can't pick a top in the stk mkt so i should not try to pick a bottom in gold. While some gold bugs argue that a spike up in gold may happen due to a short squeeze I will sit out and watch and hope the mkt tells me when to buy-like it stops going down and starts going up-g-. My take is the battered gold market makes dollar denominated assets seem like the only alternative so the stk mkt may continue its blow off for a while. If I had to chose between holding stk for a year or gold -I'd take gold. I guess the short answer is we need a change in psychology or perception. In the midst of their bubble economy the Japanese used to say that they learned from the mistakes of the US in the 20's & 30's did they? Mike