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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (16725)	10/16/1998 10:54:00 PM
From: Jan Robert Wolansky	Read Replies (1) \| Respond to of 42787

My point exactly--I will need to see some continued follow through next week to convince me that this move is for real, as opposed to a combination of MM shenanigans prior to options expiration and Greenspan's market manipulation. Jan

To: dennis michael patterson who wrote (16725)	10/17/1998 12:05:00 AM
From: Electric	Read Replies (1) \| Respond to of 42787

My 2 cents.. I agree as I think most do here, what we saw was pure manipulation.. So that is that, it is done and will likely re-occur come November and there is nothing that could be or can be done about it even if I feel they were about 6 months late doing it. I felt like I was standing at a bus stop and someone whacked me with their car door. I really felt that before the event, that the market was looking weak and would go down.. My main problem here is earnings ratios. I saw on the news wire that the S&P P/E ratio is still what, 24 or so? So say that the FED eases again, and I think they will again and even again after that. So they ease, well I havent seen a great deal of movement on the E side of P/E, most companies have been hitting/missing dramatically lowered estimates. Where can the market go with valuations as they are? When many start to talk about valuations versus 99 earnings and 00 earnings that is only short term rational and never works unless the company hits its earnings and beats them over and over (MSFT, CSCO, DELL, AOL etc) Am I confident that the market can move up to higher levels? No, there is no reason to especially when I pull up chart after chart after chart of companies that have gone from 50 to 5, 30 to 4. I have seen countless numbers of these. The rally if any has to go to beaten down sectors or it causes nothing more than a harder crash for the large caps when the crash does come. I am seriously thinking of putting my IRA's and long term investments into markets that are at their lows, and have been there for a while and that are likely to be bottomming out economically.. eg) Asia, Latin America, even (gasp) Russia. Many will look back and wish they had entered long positions in these markets within 1-2 years from now. I am speaking of long term money of course. Charting and Guessing can help influence our way to better decisions, but for me nothing short of the E on the (P/E) equation will make me feel better. FWIW...