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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (2161)	10/15/1998 8:13:00 PM
From: JRI	Read Replies (1) \| Respond to of 2578

Luke- Here's your problem..it's not over...the Fed is going to lower again...and lower again until they think the problem is resolved....In one stroke, Greenspan has brought back a lot of confidence in the markets (under your collapse scenario, a total lack of confidence...panic is needed), and shown the propensity to do whatever it takes to support the U.S. economy (including, as a byproduct) the financial markets.... The domino effect this is going to have in world markets is enormous...watch them bounce tomorrow...and watch the world keep lowering rates...Giving us all time to solve the underlying problems at deliberate pace....Look on the sunny side, this will help your Japanese long position... However, we will probably not see Dell below 50 ever again...(could be wrong on this, but I doubt it)...

To: Lucretius who wrote (2161)	10/15/1998 8:21:00 PM
From: lin luo	Read Replies (1) \| Respond to of 2578

I have to agree with you this time. The dollar direction is more important right now. Whenever you have a unstable currency, nothing else is stable, which means nothing long-term. See how low they will push the dollar. If it really breaks the range, it will go much lower, which in turn will cause a lot of problems later. This move is a bailout move for the Fed to save something. Something must be wrong somewhere. Last year when all Asian's markets melted, Japan's was relatively stable, now is the opposite. This means to me that whoever made bets that time have to square their positions. Today's action either help or cause more problems ( my side on more problems). See how the world's markets play tonight. Stay where you are is probably the best idea. I only have the experience with Fed intervention on currency, it is really hard for me to tell what will happen. Still, this might be a trap, but you have a lot of time to make decision for sure. BTW, about this year's Nobel's price. It went to a real nonmathematican, compared with last year's. See how quick people flip their minds. At least, Professor Sen will not lose the money in the market for sure, probably will not use in a useful place either.