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 : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (24358)	9/16/1998 9:36:00 PM
From: Ian@SI	Respond to of 70976

JS, I'm long INTC and AMAT, you're short them, one of us is obviously going to be losing money. Since I respect your opinion, this worries me. I'm not sure which one of us is wrong. Both of you can easily be right unless you impose the artificial restriction that both of you must sell at a specific time on a specific day. With different time horizons for holding, this could easily be Win - Win for you and Eugene. Short term, Eugene may get lucky. Longer term, you almost certainly will. FWIW, Ian.

To: Jacob Snyder who wrote (24358)	9/17/1998 6:30:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 70976

Jacob: Re: "I'm seriously thinking of selling my INTC and CSCO." I just sold my CSCO which I bought during the networking scare to put the funds into the semi-equipment sector. CSCO is close enough to its historical high and is near its all time high as far as P/B and P/S is concerned and its 50 plus pe is going on twice its growth rate. I saw limited upside because there is little potential for multiple expansion and so its price appreciation will be tied to earnings alone. Moreover, everybody and his brother has CSCO as a buy. Risk/ reward in semi-equipment sector is greater. I hope to buy CSCO again if and when it trades near its 200 day moving average which historically has been a good entry point.

To: Jacob Snyder who wrote (24358)	9/17/1998 10:39:00 AM
From: 16yearcycle	Read Replies (2) \| Respond to of 70976

Jacob, This is my day off, and I just woke up and the market is in spasm again, so let me give you a quick answer since I don't know why the mood changed overnight again. I am net long on msft, and csco, but shorted those, too. Did the djx puts last night. I am long grn,brk psft, cd. I have small positions in several others. Simply, don't make too much of this. I just think the equipment sector has little reason to bounce, and that the general market has more reason to go up than down. I feel like 8000-8100 is pushing the envelope with weaker e. I wanted to neutralize the next drop that I felt sure would occur. Clinton isn't out of the woods. Everyone seems to have forgotten that there is more to come. Starr seems to want to pull a Willie and dribble out info. Japan is doing little to help themselves, and I am seriously disappointed in what the fed is doing. The current problems are many, and are feeding on themselves. All this crap will be in mid air and then congress will go on break. The big cap multi nationals have already preannounced some good news so they won't help much in Oct. Finally, we never broke and held the 20% barrier despite this turn of events. I feel as if we either go to new lows or languish. Feeling strongly this way, I chose to take a stand rather than twiddle my thumbs. I should have shorted amat at 36, I had the gumption to, but itv was painful to sell. I don't think a 2.4 billion rev year is factored in. Yet, if I get to 20, I may just take the money because it has been stubborn. Whoever said we could both be right is on target. I just wanted to do a trade to protect me against a drop. I have to be right twice in this scenario and you have to be right once. The odds are with you. gene