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 : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (4560)	1/23/1998 9:37:00 AM
From: Mason Barge	Read Replies (1) \| Respond to of 10921

<<Why not just short everything across the board, or choose a few of the most overvalued and ignore the rest?>> I would hate to bet on whether the sector is going up or down from here. If I had to take a position I would do the opposite in fact -- I'd go long, since I think the sector is now lower than the fundamentals demand and will come up significantly at some point, for near certain. In other words, yesterday's close could conceivably be the lowest point for the sector for the next five years but is almost certainly not even close to the highest. Plus, short you realistically would make 50% max, while long you can realistically hit 600%, a figure I use since that's the appreciation I saw on some of my Asyst shares in '97. I really anticipate, say, PRIA being at 100 within two or three years. As far as picking losers, I don't know of any big-time losers in the sector. There's nothing like AMZN that is likely to drop by over half. SO in summay, I think the market will go up and down for a while. I'll stay long on the whole by 70-30 or 60-40, since I think the long-term trend is up. At some point, when I think we're near the bottom, I'll go 100% long and wait for daybreak.