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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Howard Feinstein who wrote (23608)	8/30/1998 3:20:00 PM
From: Big Bucks	Respond to of 70976

Howie, We may see a brief technical bounce due to trader speculation but IMHO the institutional investors will start unloading before too long. My opinion is any down day with 12M-15M+ shares traded is the funds/institutions unloading. Once the momentum downward starts in earnest look out below. I've been calling for a bottom in Oct/Nov around earnings time and when the overpriced, high PE stocks get dumped by the funds to conserve their gains and the markets reach their bottoms. BB

To: Howard Feinstein who wrote (23608)	8/30/1998 5:34:00 PM
From: Katherine Derbyshire	Read Replies (5) \| Respond to of 70976

My gut feel is that tomorrow will be a pretty wild ride. A lot of people will, as I did, have spent the weekend looking at and thinking about the carnage last week inflicted on their assets. It'll be a pretty rude shock. (My net worth is down 10% since August 1, for instance.) I've got a multi-decade horizon for most of my investments, so I can afford to sit tight. But the people due to retire in 10 years who convinced themselves that the market is just as safe as a bank, with more than double the return, will be dropping like flies. At least that's my gut feel. Any thoughts from the TA types? Katherine