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

To: HairBall who wrote (47946)	7/17/1998 1:30:00 AM
From: Dwight E. Karlsen	Respond to of 58727

The S/MM have a ripe group to fleece. WS will "end up" fleecing the "new era investors". It's simple right now, because the markets are moving up. As we near the edge of reality, the long trade is always right. Bad news is good news, good news is great news, as was recently observed on this thread. Just two quarters ago INTC missed consensus estimates by 2›. And no, they didn't "warn". That was about Oct 5, 1997. The result was a four-month "mini-bear". Yes, techs had been dropping for most of Oct leading into "grey Monday" on Oct 29th. Asian troubles merely exacerbated the tech trend, causing the rout to bleed into the general market. But today, we see INTC missed consensus estimates again by 2›, and "the street" (i.e. the fleecers/shearers) looks at some expense and says hey without that "one-time phenomenon" INTC would have beat by 2› instead of miss by 2›. And life will undoubtedly get better, because even though INTC missed most of the run on the sub $1K PC, they now have the Celeron processor. Every PC tech magazine dislikes the Celeron and doesn't recommend buying a PC with one in it, but hey, Intel will be coming out with a "new" Celeron which has the L2 cache. So essentially our recommendation here at Hambake and Quiche is to buy buy buy. And don't worry about the "larger picture of Asia", the strong dollar, etc. I remember reading how at the height of the Japanese stock bubble, the average PE ratio on Japanese stocks was 60. Gee, what's KO, MSFT, DELL, trading at? And we won't even mention the Yahoos, the AOLs, the XCITs etc. Yahoo's market cap....Sure, I click on Yahoo a few times a day, but no more often than I flick on the radio.

To: HairBall who wrote (47946)	7/17/1998 5:44:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

I don't even know what stock he was speaking of, as I went by the post very quickly. When Electric responded, I checked and saw that he had a string of similar posts---that's all I recall. Okay, so I should not have said I could kick his a$$ or whatever. But to actually take offense because someone laughed at his post was absurd. In any event I follow what you are saying (except I can't get a grip on what S/MM stands for). I suppose I have just become like the person who gets up to go to the kitchen when a commercial comes on. One of these posts show up and I change the channel or tune out. With respect to valuations, it is difficult to sit tight with positions these days. If most of my stocks were not positions I have had for (in some cases) over 10, some 15 and 20 years, I would be as nervous as a cat. There was a time I could sell calls on XON, GE, AHP, and so on and not think much about it. Now even these slow movers take off. I would guess posts that scream "BUY" with little else might appeal to someone who does not wish to think out a more complex post. Vance, over on Stock Swap, will pick a favorite stock and drive you nuts with a encyclopedia-sized explanation of why it's a good deal. Perhaps that is too much for some; perhaps the "Crazy Eddie" advertisement works for those people. Here, however, that has to be an insignificant number of the population. I would hope, anyway. As you say, it's a pay per view site. How many will pay for cable or satellite TV because they wish to see the commercials?