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: IceShark who wrote (36729)	1/26/1999 1:43:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

Yes Ice, I understood. Vinik had a bad year because he reallocated to bonds. He left to have more fun -- and from all accounts he has been having a blast. As for 'clipped' hedge funds, quite a few played the yen carry trade too far and got burned - this was a major source of capital for the funds. They also got squeezed hard in the liquidity crunch because they are by far the most reliant on liquidity. They are short something like 8,000 tons of gold in the gold carry trade, and looking at the price of gold going down it looks like they are raising more capital -- i.e. the hedge funds are back, and they are flush with cash. So what would you do now? Run up the nets, and then run them down. The ultimate day trader -- they can leverage up ten to one to raise capital and then build the biggest boxes anybody ever saw.