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 (32282)	9/5/1998 1:35:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 132070

Mike, << The Buy on Dips crowd has to see many false dawns to lose the maximum amount of their savings.>> The problem with this reasoning is that the dipsters bot already. They bot at 7% off, then they bot more at 10% off, then yet more at 14% more ["gift horse"]. Now they spend their time trying to talk other dipsters into buying, each other, and agree with each other that this is a "great buying opportunity", but - words are cheap on the Street, it wants money -g-

To: Knighty Tin who wrote (32282)	9/5/1998 2:27:00 PM
From: Amir Shalit	Read Replies (1) \| Respond to of 132070

Mike, bulls and "newly converted" bears, don't say we are at a bottom yet. They say the bottom is still 200-400 (DOW) points away. <G> They do think that the mere 20% decline is a tragedy and represents a big time bear. As you said, the long term trend is still up, so people should wise up. Sell their emerging markets, bios, banks, BA, K, MMM type positions and buy some CSCOs and DELLs. -BG- Actually, I think I heard that the last few weeks was the worst the market has EVER seen. I wonder where are Graham and Livermore when we need them most. -BG- Amir