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.

Technology Stocks : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Tech Master who wrote (15397)	8/31/1998 8:54:00 PM
From: Michael Davis	Respond to of 17305

Quote in USA TODAY 8/31 Chuck Clough of Merrill Lynch, "We are beginning to see signs that the investment boom might be peaking." Duh, do yah think?

To: Tech Master who wrote (15397)	8/31/1998 9:24:00 PM
From: Kachina	Read Replies (1) \| Respond to of 17305

A lot of stinkiness in farming. Might I suggest farming Yaqona in Fiji? (That's Kava.) Excellent margins. As military dictatorships (de facto) go, it's great. Great people, and excellent prices. (They have the distinction of being the only aboriginal people in the world to have maintained control of their realm in the face of the Europeans. Probably something to do with 15,000 years of endless war among the islands. ) Musing about this. The other side of the Y2K thing is that I don't think the commercial sector will be affected very much by it. So - if we go go bump on that pothole from government glitches, I would expect a firm recovery after it all washes out. The other thing is that there is a good amount of cash in mutuals already. And they are still getting force fed tons of cash each month. So they gotta do something with it. I don't see a wholesale rush to cash out on all that retirement money. A few, but not all that many. We have a very different makeup of investment dollars and the control of them than we did 20 years ago or more. Maybe I'm wrong. But I don't know many people who self direct their retirement dollars. Among my large circle of friends and office acquaintances, I am one of two who actively trades. Everyone else goes mutual fund even for their investment money outside of retirement. And that is upwards of 100 people. Hell, I do it more than our former CEO does. So - that is my drift. But there's some serious blood in the streets right now. A little bit of mine even. But just a tad.

To: Tech Master who wrote (15397)	9/1/1998 12:34:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 17305

I'm going to go out on a limb on this "flight to quality" stuff. I think it's the quality stocks that will get hit tomorrow. The average investor that only buys the Dow stocks is probably pretty freaked right now. They're probably facing margin calls and are probably going to panic and sell at the open tomorrow. I also expect the early selling to kick in some stop orders and some programmed selling. So, in other words, what seem like bargains today will look even better tomorrow. - Jeff

To: Tech Master who wrote (15397)	9/1/1998 3:06:00 AM
From: nigel bates	Read Replies (1) \| Respond to of 17305

TM, If we are in a bear market, then stocks like DELL are still overvalued, and then some. The only thing supporting such extreme PE's is the belief that earnings growth will just go on and on. I suspect that over the next few months, a lot of money managers are going to learn to be absurdly pessimistic rather than absurdly optimistic. Any high flyer that stumbles in earnings growth is going to get mugged. Am interested in smaller cap bargains though (provided they have enough cash to survive if things get REALLY nasty) With current exchange rates, Antipodean farms are going pretty cheap, but they way commodity prices are going, it might not be such a good idea. Anyone on the thread old enough to remember what a real deflation is like ?? Nig