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 : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (5517)	3/6/1998 6:44:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 8002

Your reasoning is badly flawed. Your reasoning is badly phrased. I'm not sure I understand your point. Didn't Intel say they see demand for PCs still growing at about 15% p.a.? How is that fewer machines? Could be fewer revenue dollars, I'll grant, but the industry has lived with declining prices since the day it was born. The sad part of our silly debate is that I'm probably at least as bearish as either of you on the market. But with market valuations at all time highs, I'd rather that my few long positions were stocks that had already been beaten down by the market, not the ones that are trading at 50+ times sales with no earnings. Less downside, you know? I did write some more calls against GTW this morning, but I'm not unloading all my longs. Consider it a hedge against the mania. Good luck. What else do you two hate? Bob