SI
SI
discoversearch

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.
Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?


To: sandstuff who wrote (23898)8/31/1998 8:06:00 PM
From: CWolf  Read Replies (2) | Respond to of 50264
 
Hi all...

Fun day, huh... <LOL>.

For those of you thinking this might be the end of the bloodletting, I'm not sure I wouldn't buckle up tomorrow for another wild ride. I found this on TheStreet.com... for all you JCramer fans out there, this is what he had to say in a late afternoon wrapup....

Wrong! Dispatches from the Front: It's Not Over

By James J. Cramer

Well, that was the Kahuna. Humongo Kahuna. With real capitulation and fear and fright and anger and ugliness and danger and massive, massive pain.

At the end of the day you could buy anything you wanted a point below where you wanted it. Or worse.

Here's the bad news. It's not over. This was not a buyable close. People just started selling right at the last minute. There was size to go at the bell. And Hong Kong will be crushed and Japan will be shredded, etc.

Brutal.

By tomorrow midday I think we will see levels that people will have to come in and buy. We will hit the irrational exuberance level and just be irrational -- no longer exuberant.

I am staying late with my partner, Jeff Berkowitz, and putting together my ideal targets, prices that I would buy things with my eyes closed. Ford (F:NYSE) at 40, Coke (KO:NYSE) at 55, you get the picture. Then I will go in and buy. Even in 1990 you got a chance to buy things if you were nimble.

* * * * *


I think the gist of this is that it ain't over, but... the opportunities are there... and in my mind, this lil ole DGIV is gonna be about the best bargain out there!!!!!

And for what's worth... all you INFE holders, should stand up and cheer... because INFE actually went up today. <YAY>.

As for DGIV, I see this as another buying opportunity and a chance to get my average down even more... so tomorrow, ole Chuckie's going shopping some more. <g>

Everybody have a great evening...

And Craig... this too will pass, as will the Noles tonight <vbg>.

Cheers all...

Chuck... getting the jackhammer out to break open the safe