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.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: B.REVERE who wrote (52976)	9/17/1998 10:37:00 AM
From: Dom B.	Read Replies (1) \| Respond to of 58727

Hi, BR...Agree on IMF in jeopardy. It's about time too, that this Clinton/Rubin/Gpan vehicle be derailed and held accountable to the U.S. taxpayers... Let IMF sell dem gold reserves!!! Good luck. //db

To: B.REVERE who wrote (52976)	9/17/1998 10:38:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

<<<< Anyone who watched the banking committee working over Gman and Rubin realize that Congress is currently opposed to the refunding. >>>>> the B Boyz knew that yesterday.....which for the believers of the manipulation theory (and yes folks there is plenty of evidence that the big boyz do that...even on the indices..remember that brokerage house that was fined for manipulating an index for options expiration)....makes the rally yesterday in hind sight even more suspect...... or if you arent a believer in the manipulation theory...then the rally yesterday and now subsequent fall off today shows how "interconnected" we are with the international markets....quoting alan I am a bear chernoff on CNBC +Tom Trader (4218 ) From: +Arik T.G. Thursday, Sep 17 1998 9:12AM ET Reply # of 4237 Tom, >>The question now is whether we are going to hold the 7400 level -- if we end up testing it this go around. I disagree. The question is if we are indeed going to test the lower trend line (today Dow 7630; OEX 481; SPX 986 and rising) and is it going to hold. To the former - I don't know. let's see if we pass the mid point (today SPX 1017) first, that will change things a bit. To the latter - Most probably yes. If we get that low again, IMO we're bound to a new low. BTW, On August 25th the market traded and closed over the 21 dma, for the first time since the July top. On that day the market made a local high and reversed, and in the next four days it made its biggest decline in years. Yesterday we traded and closed again over the 21 dma. Today we face a -2% open ATG

To: B.REVERE who wrote (52976)	9/17/1998 10:50:00 AM
From: Trey McAtee	Read Replies (1) \| Respond to of 58727

b-- oh, i dont think CNBS avoided it...i just think they dont understand it. and i think most mutual fund and 401k investors dont have a clue. i think the realization that rates wont be cut to push the market higher is having an impact. that, and the fact that japan is basically in a depression...no one has wanted to realize that. then you add in earnings, etc...and things just dont look so good. good luck to all, trey

To: B.REVERE who wrote (52976)	9/17/1998 11:42:00 AM
From: Al Serrao	Respond to of 58727

BR, good insight. Money that was lent to Russia indirectly ended up in Swiss bank accounts. There was at least as much money that came out of Russia by wealthy Russians as went into it by the IMF over the last two years. If the Russians won't invest in their own country why should the IMF prop up their system? As a banker, you never lend money to people who steal from you and have no intention of paying you back. Would you? Meanwhile, honest hardworking Russians aren't being paid. Why should American taxpayers continue with this folly? The IMF is a joke.