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Technology Stocks : OBJECT DESIGN Inc.: Bargain of the year!! -- Ignore unavailable to you. Want to Upgrade?

To: Edward F. Horst Jr. who wrote (2240)	8/27/1998 12:54:00 PM
From: GUSTAVE JAEGER	Read Replies (2) \| Respond to of 3194

Well... Ed, I don't think today is the right day to talk of proper appreciation on the Street! We were already tied in a bear market for about one year (Russel 2000 index was 20% off its all-time high) and now... we're melting down! I don't think it's Russia: problem is Latam (Latin American countries). Think about it: the market could handle a few issues simultaneously, that was the MonicaGate + Asian Flu + reviving tensions in the Muslim world vis-a-vis the US... The first light's been switched off (Monica's over). The Asian crisis was somehow receding --although the Nikkei was still unable to stabilize above 15,000. Meanwhile, the later issue (bombing of 2 US embassies, US military strikes,...) was eventually seen as a favorable ''back-on-track maneuver'' with President Clinton. The market could have managed a way out of such a global smorgasborg... but the collapse of the Russian economy plus the Asian virus spreading into South America: this is too much to handle! The stockmarket's sort of a black hole: every black hole (collapsing star in terminal stage) has what astrophysicists call an horizon which is measured by the Schwarzchild Radius. If a spaceship crossed this radius... it's doomed for a one-way trip downto the black hole! I think that today we (the stockholders) crossed such an horizon... Did you know that even light can't escape from such a gravitational horizon? Further, there're plenty of ''singularity-phenomena'' happening once you've crossed the black hole horizon: for a remote observer (a smart guy who doesn't own any stock), you just look freezed on the horizon --standstill! Time seems to have stopped for the falling spaceship. But for the unfortunate spacecrew, it's an awful freefall: their weigh is rapidly increasing while their physical dimensions are stretched along the black hole's force vectors... Don't you feel crunched on your chair right now?