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.

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

To: Judy who wrote (15570)	12/13/1997 12:03:00 PM
From: AlienTech	Respond to of 50167

>>The way to build investment positions when quality stocks go on firesale is to buy stocks and not sell puts. But buy cheap protection until the market is stable. I am looking out until the April timeframe.<< By quality investments do you mean sector leaders? Do you think April is soon enough? I noticed that earlier this year companies like PSFT got a 50% hair cut but recovered really as fast as they dropped. Its kinda strange the panic buying and selling. Fear and greed.. I guess the smart way to make money is to just wait for moments like this and sit tight till the panic buying starts. The one thing that confuses me so much lately is that both the bulls and bears are wrong on the reasons why the markets going up or down since the resons good or bad has been there for years and with one making enough posts its easy to get some of them correct some of the time. There was some guy on tv saying just buy hitech's, hold them for 2-3 years to have at least a double. With some of these companies getting their P/E chopped by at least 50% in the past 2 months even with the new revised estimates thats easy to see if the market gets a hold of itself. CSCO was the last indicator, when it falls watch out, they kept it going as long as it took to unload. Have to watch PSFT more closely, there was instituion buying the last week, maybe the dump's only comming with the next rallies.