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.
Pastimes : Richard Ney and the Wall Street Gang -- Ignore unavailable to you. Want to Upgrade?


To: ccryder who wrote (407)9/11/1998 1:32:00 AM
From: REvaluer@AOL.com  Read Replies (1) | Respond to of 492
 
The elite is really playing hardball. Many dow stocks were down in the begining of the session on light volume. So much for an auction market. Besides the drop in the market, the media is also doing their part to break the will of investors. Forbes, Time U.S and World report, Cnbc, etc. are all very negative. The one thing that investors (those that do not follow Ney's view) never think about is who is buying when everyone else is selling. Of course, we know that the specialists/MM's are buying. Once they and the other insiders have sufficient inventory they will move the prices up to retail levels. If you are a long term player many banks and major brokerages look attractive. Many of them are are selling at 50% below their previous highs. I don't expect to catch the exact bottom, but close is good enough for me. I don't mind waiting a year or so in order for an investment to work. As one of the Rothschild's said " buy when there is blood on the street".

Good Luck

RE