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 : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (483)	11/23/1998 6:00:00 PM
From: Richard B. Haenisch	Read Replies (1) \| Respond to of 1634

SOME PEOPLE JUST DON'T LEARN! Tom and other shorters, how much more of a beating do you have to take, just because you HAVE to be RIGHT!! this internet frenzy is not rational, we all know that, but stocks like AMZN, EBAY and COOL (today) went up as high as they did, because of PEOPLE LIKE YOU INSISTING ON SHORTING THEM! THANK YOU, THANK YOU, THANK YOU! We have entered a whole new world of investing with this internet capability, it is called INTERNET STOCK GAMBLING! NO ONE WANTS TO BE LEFT OUT! With todays move by EBAY (up $42 today to $193), Merrill Lynch COULD bring UBID out at $80 - $90 a/share, people! NO JOKE! It will sell off and settle at around $50 or $60 (over the next few days)where it would have come out anyway (given a strong yet rational market) In these INCREDIBLY IRRATIONAL market conditions, Merrill would be stupid NOT to take advantage - they need a "STELLAR INTERNET IPO"! IF that happens, MALL will see $50+ - EASY! Rico P.S. Please do not BORE me with more valuations, TOM. If you had just gone with the % play, rather than trying to convince everyone how OVERVALUED MALL is, you would be counting you $$ instead of hoping to make money by AVERAGING UP (to short)! Until the IPO YOU WILL SEE MORE UPSIDE THAN DOWN!

To: Tom Hua who wrote (483)	11/23/1998 7:04:00 PM
From: SkyDart	Read Replies (1) \| Respond to of 1634

<<Looks like a blowoff top<< Nope, because blowoff tops which signify the end of a big upward move usually have the following characteristics: 1). Stock closes way off from the intraday high or reverses by close. Today we saw the opposite in AMZN, EBAY and MALL; These stocks closed darn near the intraday highs. 2). Stock has peak volume day. Today MALL trade 3.3 million, nowhere close to the high of 10 million a few days ago. YHOO traded 10 million, not even 1/2 the recent record of 25 million at the beginning of the move. 3). Investors overwhelmingly bullish about stock. Lots of people advocating shorting the internets; disbelief at their valuation; in short "a wall of worry". Conclusion: So we don't meet the criteria for a blowoff top. With the gaps, and building volume, it seems more like a "continuation pattern". Recommend my favorite books, "Trading for a Living" by Dr. Elder [psychiatrist] published by Wiley and Sons and "Technical Analysis" published by the New York Financial Institute. Good Luck, Jeff