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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (25029)12/10/1997 6:56:00 AM
From: Ralph Bergmann  Read Replies (2) | Respond to of 132070
 
"Earlie; IBM will be the tip off, her and MSFT..they have such
a huge market cap, that the day they start falling off early
on, or ( open way down ) like ORCL did today..you will be able
to short or buy putts on just about anything you can find.
Just have some dry powder. A big drop in any of the Huge
Caps like them will take the whole market down.
I have my eye on ten stocks, not the index..
ALL of the 10 have over 100 billion in maket cap each
let any one of them dump like ORCL did today, and blood
will run in the streets. ORCL is small stuff to
these guys"

Thats exactly my belief. The day when msft misses the earnigs forecast
by one cent we will see a downturn if not a crash. Msft is a synonym
for the economical sucess over the last years. If msft falls the
whole market will fall. By the way IMO the day is close. There is
siginificant insider selling of msft (see:
insidertrader.com. I will be cash in January.

Regards

Ralph



To: James F. Hopkins who wrote (25029)12/10/1997 8:52:00 AM
From: yard_man  Read Replies (1) | Respond to of 132070
 
Jim

So good to here from you. Where you been? Don't look now but AOL's been to 91 and it's not that far away now. Hope you bailed those video stocks -- boy have they taken it on the chin!

Barry



To: James F. Hopkins who wrote (25029)12/11/1997 10:07:00 PM
From: Earlie  Read Replies (3) | Respond to of 132070
 
Jim:
Could not agree with your comments more.
I think we are very close to a '29 style meltdown. Was it only a few months ago that the papers and television screens were filled with gushing ads touting the joys and necessity of investment exposure to "the Asian Growth Miracle"? I suspect that the crunch will occur equally as quickly and ruinously here as it has on the other side of the Pacific.
Best, Earlie