To: Blue Snowshoe who wrote (224 ) 2/9/1999 9:36:00 PM From: Joana Tides Read Replies (1) | Respond to
Blue when you said "talk about your 909ers" and the concept of selling aol weeks before the split as a 909 it's brilliant, pal. I still have holdovers from longholding habits, and to think of a split as cash at a high to buy back at a lower price for even more shares than you'd get sitting and waiting instead for the multiplying of the shares is a new concept of sheer nerve for a slow learner - and your words went off like a light bulb in the comic book thought bubble I do want to tell you. I tested it by selling some but not all (still not quite ready for that yet but maybe tomorrow) aol and gnet yesterday and by golly today here I sit wishing I had pulled the trigger on more. Maybe there's still time tomorrow; look at the Tuesday close and maybe this week will prove that SI motto about Tuesdays pattern predicting Fridays. I guess it's approaching the end of this big earnings cycle so now more Co. announces will be coming up and Oh No They Won't Like That. But then they still can keep saying "earnings (and mergers and alliances and splits and new inventions but lets not talk about that) are good but not good enough to support these high stock prices." Whippingmeister ("Whip It, Whip It Good")("Tie Me Kangaroo Down, Spot") Valuations Grid Du jour (when just last month "some internets with earnings might be ok") - Now - An Internet with no earnings has future possibilities but no value. An Internet that's achieved earnings is never making enough to support its ridiculously high share price. Internets still might be okay if they're managed for you in a Fund but it's a House of Cards. And so aol announces 16 million members, and 1 million new members added (1/16 of all!) in these past 5 weeks with no system breakdowns; plus a split coming and who can even count how many new alliances... and The Thing Gets Whacked!! gnet gets it too, yahoo, lcos, they all get it, they get it with pluses far overriding minuses on the flyby trade ticker. Only the crummies no one cares about and the lousier pennies don't get it. No rhyme or reason or justice, so whats the use to try to figure it out? This feels like more than a shake-out but not quite like a serious correction...I predict we'll see what would be called a Big Dip Selloff and then The Beast will be in the techride crosshairs. Got my shopping list too, and I like networks. Spring earnings announces should be fantastic so unless some mighty bad world or local news scares come along it will probably be nice again before we know it. So every once in awhile shorts will get their reward rather than their just desserts and so it looks like this month just might belong to them except for maybe a little squeeze pop here and there next week. The shorts were mighty quiet today, mighty quiet...like if it ain't broke don't fix it kind of quiet, like we get when they really start to fly so as not to attract the evil eye. And uh-oh, my best stock contrarian indicator of all BE is up 1/32 yesterday and today; Last week most middays up but not at close mostly. I'm watching it and I'll let you Techride pals know when BE goes down - Bugle Call! After 3X Witch things should be starting to ease off heading towards March and then April I hope , once those ugly old splits start to make the share prices look reasonable again and those bad old mergers are pooh-poohed as not giving enough premium to the shareholders or courting fed scrutiny.
