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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (14060)	8/6/1998 12:33:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 42787

L3 - thank you for your support, I have a vintage Bartles and James cooler here for you -ggg- - I think the Electric man needs to go back and check my track record for calls on this thread. I'm an elliot waver and today was wave 4 and bitter battle between the bulls and the bear, great volitility. On the other side of the peak the bulls always won. Not on this side. We are going down big over the next several days. Wave 5's are steep and deep! we should accellerate to the downside from here. Too many bulls, too much complacency for a bottom here. We have 3 years of heavy speculation to correct and it's all going to correct in a short period, thats why I have been trying to persuade Chris and his excellent t/a knowledge to take the other side of the traders toolkit. bb

To: Lee Lichterman III who wrote (14060)	8/6/1998 12:56:00 AM
From: FJV	Read Replies (1) \| Respond to of 42787

Well said. This was the 2nd most active day in NYSE history. I wonder what percentage of the action was accountable to the 15 program trades, the two largest coming at day's end. Today's price action tells me to take all of my short term TA and stick it where the sun don't shine, because the controllers of the purse will move this market at their whim, to suit there own agenda. The rally in the last 15 minutes is an incredibly blatant head fake in my opinion. It gave all the talking heads on the Nightly Business Report and Money Line the opportunity to soothe the masses with the same old buy the dip crap. It gave credence to Abby Joseph Batapaglia Cohen and made Acampora lose even more credibility (if that's possible). Even Fleckenstein, who hasn't been right since the Reagan administration, is calling for a substantial rally. Maybe it'll happen. Since Favors is calling for it also, who knows. I do know that I will be shorting the hell out of what could be the mother of all dead cat bounces as soon as Abby and the gang manage to foist the GSCO IPO onto an unsuspecting, complacent, buy-the-dip, "no reason to sell because I'm in it for the long run", fat & happy Amurrican investor. Until then, the big money with their fingers on the buy & sell buttons will play this market as if it were a 2 string banjo. The mini cycles of accumulation will continue until it's time for them to truly change the psychology of this market. Complacency will become panic and the fit will hit the shan. Be assured, however, that when the last bull throws in the towel, the same players who caused the panic to facilitate their distribution, will begin to accumulate again at that exact moment. And so it goes. God help us all. Franco

To: Lee Lichterman III who wrote (14060)	8/6/1998 1:24:00 AM
From: Electric	Respond to of 42787

All I am saying is this.. DELL has alot of power, it has great earnings, great growth and it has had this type of PE for a long time, because as long as the company can sustain growth at an accelerated rate, then the PE is justified.. And to think that DELL was just popping due to the finger of God being lifted (lol) isnt accurate.. Make sure to talk about bloated PE's and overvalued stocks to those that it pertains to. DELL is not a YHOO that is overvalued.. people have been calling DELL overvalued for years. Ask a DELL shareholder how much they have made on their investment.. I say growth is intact, they are ripping market share, and they have a business model that is unrepeatable.. The stock doesnt split every year because Mikey D is good looking or any other reason.. If DELL hits 60, I will pay for you to join us in Vegas for golf.. And I know there are 10 others that will join in that bet..lol One last thing, then off to bed.. :} It is easy to talk about a new era and so on, but dont throw out the baby here, this isnt a flegdling Bull Market, you cannot just toss out the reasons that many feel the bear ought to come, and discount the factors as old school. Be prepared to back up the smack come year end and the market is within the trading range mentioned often here and elsewhere. Finally, where have all you new school boys been the last few months? I dont recall seeing any of you on this or any other thread warning all of us about the bear, or predicting when it was to happen. I am not saying that you might not be right, but the cheap seats are easy to shout from when the team is on a losing streak. Chris's thread is not a bull thread, he welcomes any comments as long as respect is given. I will own up to my end if we see 7400.. There are alot of people watching this and other threads, so lets be sensible to what we are saying..