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 : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (31917)	8/31/1998 10:42:00 AM
From: kahunabear	Read Replies (1) \| Respond to of 132070

MB, Yeah, it looks like people are starting to realize that stocks can actually go down. That realization could cause a substantial drop from here. Call me a dipper, but I am nibbling. Especially those with no debt, high book value and lots of cash that are gapping down. WS

To: Knighty Tin who wrote (31917)	8/31/1998 3:06:00 PM
From: PaperChase	Read Replies (2) \| Respond to of 132070

Well. MB, it looks like you were totally wrong about tech stocks being overpriced. <vbG> With the Nasdaq down 89, (oops now down 99) it looks like some may be not just overpriced but more like worthless. I wonder if Cramer feels good right about now? He is probably buying more AOL. <G> FWIW, there are some companies with 20%+ year-over-year growth rates in real earnings and EPS that are trading at 20x projected EPS with little exposure to Asia. Oopps, now they are trading at 18x projected. Do you have any favorites that you would buy near-term calls on to profit from a snap-back rally? The momentum geeks aren't dead yet so we have to expect a snap-back rally of at least 75+ on the Nasdaq centered in larger cap stocks. And I expect a rally this week. We have fallen to far, to fast, and Abbey is getting ready to pound the table (again).