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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (30358)	10/5/1998 8:29:00 PM
From: Jeffrey Beckman	Read Replies (1) \| Respond to of 95453

VRC estimates 22-25 cents EPS for September quarter. biz.yahoo.com Punished enough? Jeff

To: The Ox who wrote (30358)	10/6/1998 12:15:00 AM
From: Fredman	Respond to of 95453

I missed something - what did i say about 'OT' and 'NT' ?? Gee, when is a good time to start getting into Oils (again).... I guess it depends on how long-term you want to go (wait).

To: The Ox who wrote (30358)	10/6/1998 12:40:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Bye Bye - Boston Chicken Pie .... The day the Cisco died... October 1987's opportunities and fears revisited... Deja Vu ? Blood in the streets, every street, not just Main Street; but all the Boulevards, Avenues and Highways included this time around. Only the Net stocks remain standing; playing Rope-A-Dope for the time being... WOW; nothing but doom & gloom, fear and capitulation. Japan sucks, Brazil needs a bailout, Russia allready dead, buried and forgotten - a frozen Siberian corpse. Germany is hesitant to ease rates, Greenspan the Grinch won't give us what we need... The IMF is the worlds Financial turbo toilet bowl ... Nobel Prize winners manage to loose a Gazillion times their equity in trades so complex that a Cray supercomputer can't unwind them and Wall Streets finest were left holding the bag... So why would anyone buy anything here and now ? Because history has taught us well. When we come to our darkest hour; so few will step up to the pump to buy - that they, by the sheer mathematical supply and demand of buyers to sellers and risk vs. reward valuations; will profit handsomely in the long term. Am I worried if Cisco still goes lower ? NO; because I will own Cisco for the first time here at $47 & change; I'll average in again at 20% off - $37 and again at $29. Worst case scenario - I own Cisco for an average of $37. Trust me; 2-3 years from now; people will die for the opportunity to own Cisco at the mid $30's. The market in times like these does not react lightly; rather it heaves, twists and capitulates... we have tremendous opportunity here. Is it a time to buy anything and everything ? - NO ! Is it a time to begin averaging in on the top tier niche leaders who have seen tremendous sell offs here ? - YES ! - in my opinion it certainly is. I'll take this bet. Yes; I'll use tight stops here on Cisco & Lucent, RIG or RON ...but I will be entering here. How can you not ? How many times will we see the oversold reaction to a Long Term Capital, Russia's Ruble collapsing, Japan on its knees, Oil at a 10 year low and 30 Year Bonds at the mid 4% levels ? How many opportunities like this will we see in the next 10 years or even in our lifetime ? The future is not that difficult to predict. The Fed will cut; it absolutely WILL. Germany & Europe will follow. Brazil's elections went as planned, the IMF will bail them out. Japan has a unique allmost impossible for a Westerner to understand - way of doing things, maybe their stockmarket being at a 12 year low is not as important to them, as it is to us ? But, all is not gloom & doom in Japan. Here again we have opportunity; because the market has definitely oversold the ''Japan'' factor : <<Last week, the lower house of the Diet passed a bill, crafted substantially in conformance with opposition demands, which establishes Japan's version of Resolution Trust. With the upper house controlled by the opposition, final passage this week seems assured. But as with the boy who cried wolf, markets won't believe in effective action on the Japanese financial crisis until after it happens, if then.>> Never before in the history of the World; have we had this degree of International Financial cooperation and coordination. We are in the beginning of a new era... Low inflation, great Job numbers, a higher technology oriented and more efficient Corporate America has never existed. We are unquestionably the Worlds Economic and Financial Power. We are THE safe haven. Remember back a few short years ago when Citicorp was given its last rites ? A Saudi Arabian Prince - Bin Talal Bin Abdulaziz; stepped in with $590 Million in 1991 and invested in Citicorp, becomming their largest stockholder - when all were predicting its demise; not at all unlike todays sentiment. His stock is now worth (or was) $5 Billion. We've seen some major multi-$100 Million bets of late; Hicks Muse the LBO firm buying into 2 E&P companies etc. All is not lost, but ''all'' has been priced into this market... Most assuredly; it could go lower, but it has so much more upside than downside here; that we don't often get opportunities like these in a lifetime. Over time - many will look back at October 1998 and ask; why didn't I buy ? Why didn't I see the parallel's to October 1987 ? ....why oh why... ? ...and it just ''aint'' me ... Message 5919409