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 : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Chris McConnel who wrote (22717)	3/20/1998 4:27:00 PM
From: Diamond Jim	Read Replies (1) \| Respond to of 97611

I was curious, at this point would you short one of the indexes like the DOW, S&P500 or the Nasdaq instead of shorting individual stocks? -- Short the spyders, tough to do with "irrational exuberance" being alive and well. I think the PE of the S&P 500 is very near 22. I find it extremely high with CPQ, INTC, MOT, BAY all saying they will miss earnings. jim

To: Chris McConnel who wrote (22717)	3/20/1998 4:31:00 PM
From: van wang	Read Replies (1) \| Respond to of 97611

well...the S&P trades at 22-3 PE to forward...unless I know about interest rate spiking up I am hesitant...not every stock in the indices are overextended or have temporary problems with individual stocks...I know for certain whether a stock is overextended and where my risk reward lies...this does not mean I can pick the top...and when the mkt corrects...these stocks will move the first and the quickest...again, its predicated on the mkt correcting abit...I also know that the mkt will let me buy back the stock because of the overextension in case I am wrong on the timing and then reset my short price again at a higher level chris..I hope stephen is right on the barron's article...I am short box makers in a big way...barron's definitely moves the mkt have a good weekend