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.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (42603)	5/7/1998 6:49:00 PM
From: j g cordes	Read Replies (2) \| Respond to of 58727

Tom, Big Dog is a sharp guy and knows his stuff, especially in oil and related companies.. yet to reiterate the sense of "this time being different" in many sectors... here's from a few days ago. "To: Big Dog (21164 ) From: j g cordes Monday, May 4 1998 8:31AM ET Reply # of 21665 "My feeling is we have embarked on a new era in financial matters. In this new order... In ten years we may say...remember the old days in 1998 when we thought a PE ratio of 100 was high?....stranger things have happened" (Big dog) BD.. <g> thanks for raising the bar on optimism and speculation! While individual stocks will run extreme pe's in their formative and growth stages its seems implausible to me that money and opportunity will drive averages anywhere near that... but just in case I'll leave a few calls in the market. The US market while having politics, demographics, invention and military power underpinning it, is not immune to its own valuations both relative and historical. Markets seek profits, they're not fair or benign one way entities, they can turn to devour themselves when internal opportunities to divest, short and exit outweigh external opportunities. Jim

To: Tom Trader who wrote (42603)	5/7/1998 7:39:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

I have a brother whose son has been successful trading bonds in London and Chicago. Jack, my brother, just staked his son-in-law to trade in Chicago. I surprised Jack, I think, by telling him I thought the kid should get hammered for a while. It's one thing to start off bulletproof and think the market has to do what you predict it should do. It's quite another to start off bullet-ridden and realize that the market is going to do what it damn well pleases, is it not?