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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: OtherChap who wrote (22256)	10/19/1998 4:23:00 PM
From: Olu Emuleomo	Respond to of 164684

I repeat: TWO WEEKS OF PAIN DOES NOT MAKE FOR CAPITULATION. OK. If AMZN falls below $80 or DELL falls below $40 3/4 before 12/31/98, then you're the man! --Olu E.

To: OtherChap who wrote (22256)	10/19/1998 4:32:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 164684

The highest one-day equity put/call ratio in history when 1 billion shares traded two Thursdays ago qualifies as capitulation.

To: OtherChap who wrote (22256)	10/20/1998 1:52:00 PM
From: MrLuckyman	Respond to of 164684

< Ask the Japanese- their stock market is lower today than it was in 1984. That's over a DECADE of capitulation. Two weeks of pain does NOT make for capitulation, unless you listen to the hired pimps on CNBC who keep telling everyone to buy every dip because stocks never go down.> From Jack Scott: We all know that one way to get the economy and the stock market jumping is to lower interest (lending) rates. So Greenspan lowers interest rates last Thursday, which causes a 300 point rise in the market. Greenspan reminds me of a guy in a plaid suit standing out in front of a casino in Las Vegas yelling "Come on in - we got the loosest slot machines in Vegas - everyone's a winner ... Come On In!!!" as he urges the sidewalk crowd in. Really what he did was "buy" a rally. He lowered rates to prop the market up again. The message he sent to the little guy was - "Here's the green light to jump back into stocks". The message he sent to the pros was - "We're lowering rates (wink, wink)!" and ALL the institutions that had unrealized losses (losing positions not yet booked) got another chance to get out of the losing position at a higher price. No real institutions repositioned money in long positions on that news. When this mini-rally wears out it will again be time to short stocks. Don't be fooled by the HYPE. This was a move of desperation by the Fed. Sooner or later this wizard of Oz, smoke and mirrors stuff the Fed pulls off will be seen for what it really is - manipulation. TAX LOSS SELLING MIGHT NOT BE AS BITTER A PILL AS HAD BEEN EXPECTED