SI
SI
discoversearch

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 : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Oeconomicus who wrote (9549)6/2/1998 10:52:00 AM
From: Lazlo Pierce  Read Replies (2) | Respond to of 18691
 
RD, I respect Fleck. The reason (or mine) that we are here, is because we think the market is overvalued (in general), and ripe for a fall. This thinking has kept most of my money from being long this year, and I have paid for it. The problem I have w/Fleck is not the message (mainly), rather he's been saying this for the last 3 years. If you scream the sky is falling, well... one day it MAY fall, but in the meantime you've missed a MAJOR run. I give Fleck credit for being vocal, and consistent, but mainly (he must be loving Intel finally), he's been WRONG!

Dave



To: Oeconomicus who wrote (9549)6/2/1998 1:46:00 PM
From: larry  Read Replies (1) | Respond to of 18691
 
R.D.B,

You also missed my point. Everyone knows that facts Bill mentioned in his column but his conclusion is wrong. I don't want to argue with the facts he put there, but his conclusion. To make things worse, as David pointed out, Mr. Short has been crying "wolfe is coming" for more than 3 years and yet he is dead wrong so far. The bottom line is: people don't listen to losers, they follow the steps of winners. It does not take a genius to figure out that.

Also I guess that if I keep saying that the market is overvalued and is bound for a correction for 50 years in a row since now, I am almost certain that I will be correct at least once. Does that make me a genius?

The DOW chart looks pretty good to me. Nasdaq is always volatile. And if you bought dips last October, you would have made a great gain. even if you bought at the top last October, you still make some gain. And I am willing to bet that if you buy now, you will be a participate to see Nasdaq going to 2000.

About EGHT. I think that Bill lost my respect the day he dumped his EGHT shares while he still maintained bullish tone on the issue openly. Maybe it's a nice strategy to ask people to buy an issue while you can have enough time to dump it. It does look like he is very smart, isn't he?:) Oh, well, I forgot that he is also a businessman, not a pure geek.

As far as DELL goes, I don't think that it's necessarily to argue anymore. I have friends who have longed DELL for the last ten years and have become multimillionaire. Meanwhile, I also know guys who are as stubborn as Mr. Short and went bankruptcy shorting DELL. I guess that the lesson those guys needed to learn is that they should have covered their DELL shorts much earlier while at the same time asking people to dump or short DELL on CNBC. That would have limited their losses significantly.

good luck,
larry!