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: Math Junkie who wrote (25033)	10/7/1998 9:29:00 PM
From: akidron	Read Replies (1) \| Respond to of 70976

I would beg to differ. The action in Japan was a nail in the coffin of recovery, because the 800 point rise euphoria, left only room for disappointment. My guess is that we have seen only a fraction of the asset destruction that is going to take place. The one thing I have seen again and again, is that value investors jump to soon, buy too early and sell too early. One must be patient, those who bought at 40 thinking AMAT was cheap, lost a huge % of potental leverage on the up. The stock, like the market is expensive now. I'm looking for dow below 6500 within the next half year, and for the Nikki to break 10,000. Too this point there has been no panic, just a somewhat disorderly retreat... to buy before the panic is simply foolish. Now of course there may be no panic, but it's unlikely, the toilet needs a flush....\\\\\\\ How about dem Merrill Lynch cowboys, lose o ton in LTC and OC and fire a bunch of secretaries and minion brokers.... makes one sick..... akidron 85% in cash, 5% long, 10% short and loving every cent.

To: Math Junkie who wrote (25033)	10/7/1998 9:53:00 PM
From: Big Bucks	Respond to of 70976

Richard, Still another 500-1000 points to go down on the Dow and it will be "Fairly valued", IMO. This will be the time to be buying selective stocks and wait for the inevitable market/profit recovery in 8-12 months. The NAZ might drop to around 1400 (+/- 25) but is not far from the bottom already, IMO. Might be able to buy some excellent bargains for a quick 25-40% gains by Feb/Mar '99, any time now. As for worms, UGGGHHHHHHHHH!!! Something about the "early bird" comes to mind, but the visualization is particularly gruesome. Any idea of the original meaning of the "worm turns", I've heard it for years, but never heard/understood the implied meaning? BB