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 : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Bob Trocchi who wrote (16596)	1/6/1999 2:46:00 PM
From: larry	Respond to of 18691

Bob, Agree that we will see 10k and 2500 first. Nasdaq is currently haveing PE about 100. But that does not matter since the demand for stock is strong. The buying frenzy reminds me of the blowoff top of Nikkie a decade ago. However, the US economy is in better shape than the Japanese economy at that time, by a wide margin. I have nothing against short sellers. But it looks to me that correct reading of market sentiment is the only KEY to make money. larry!

To: Bob Trocchi who wrote (16596)	1/6/1999 4:37:00 PM
From: BelowTheCrowd	Respond to of 18691

Bob, IRA contributions are hitting right now, and will continue to hit for a couple of weeks. (I just sent in my check today.) I don't think we'll see it stop going until late in the month, maybe into February. The resolution of the Clinton thing could also help. So could the newly reinvigorated Republican party (I'm betting on a Bush-Dole ticket in 2000). I don't like the Naz as an indicator of anything other than the big cap techs. It's so heavily weighted that it is mostly reflective of MSFT, INTC, CSCO, DELL, ORCL and WCOM, not much else. The Dow is largely irrelevant to me for investment purposes. Reflects too many businesses I know very little about, and it's too highly focused on megacap, long-established firms. I like the plain old SPX. Tend to hedge the market with SPY or SPX puts and calls. Incidentally, after today's action I think we'll see a slight pullback followed by a surge through 10K sometime next week or the week after. Probably not sustainable in the short term but important psychologically. mg