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To: Tunica Albuginea who wrote (97931)2/12/1999 12:11:00 PM
From: Uncle Frank  Read Replies (1) | Respond to of 176387
 
The Senate is voting as we speak. This will be a great test of CNBC's predictive abilities. Bob Piss-Ant-ee is of the opinion that the inevitable verdict is already built into the market's price. I disagree. The DJI is now down 35; let's see what it does after the acquital. I think it will go up by 100.

Frank



To: Tunica Albuginea who wrote (97931)2/12/1999 12:19:00 PM
From: Lucretius  Read Replies (2) | Respond to of 176387
 
thanks for the civil question,

"good" stock is a relative term subject to the whims of the mkt.

Value always has a way of popping up in the end. That's why guys like W. Buffet don't chase the high flying trash and buy the stuff nobody wants and then hold it for a long period of time until the masses are chomping at the bit to buy it, then they dump it.

I think the drillers have one more panic move down to be honest, but I will be buying there.

It is funny, that this board contiually makes fun of my invetsments in Japan and shows how little they know. Not only has the Japanese mkt performed quite well since this Summer but the YEN has crashed up against the dollar giving all Japanese stocks from a US perspective a HUGE move and will move alot higher as the dollar continues to fall against the Yen. Pull up the charts... (MBK, NTT, APF, JOF, JEQ are just a few that I own).

Value (like Japan) moves eventually and later once the masses figure out that there's a bull mkt it peaks soon thereafter.

gold is another example of this, after bottoming in August, it has done quite well, but nobody knows about it yet cause the bull is so young (the masses probably won't become aware of its bull mkt for a while much like they haven't of silver's untuil recently which has been going on for 2 yrs now--- recall when Buffett bought silver last yr, everyone thought he was a moron... hohoho.. who's laughin now?)
Gold is readying for a MAJOR move next week, and it tends to crash-up rather quickly.

DBRSY is another favorite of mine that I bought this Summer when nobody wanted diamonds. Take a look at it.

If you buy dirt cheap stocks in good businesses, they eventually turn.

-Lucretius