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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (48877)	2/25/1999 1:23:00 PM
From: Merritt	Respond to of 132070

MC: <<<But, from the rest of the people on this thread, I don't understand their rationale. Are they just rooting for a meltdown for its own sake?>>> Sometimes it may appear that there's something of a "cheerleader" attitude for a market crash, but I think that's more a matter of someone wanting to see their research prove out, rather than any desire to see others damaged. I doubt that anyone truly looks forward to a strong market decline (they'd have to have a sadistic nature), but it would be foolish to ignore the possibility...or growing likelihood. Whether it does or doesn't isn't under our control, so all we can do is try and profit by the seeming inequities in given equities...or the market in general, at times. <<<However, I am not getting anything out of this thread that I could understand that would help me to achieve this - when that day (the bear market)comes.>>> MB's put strategies are a good place to start, or even finish. Check the SI archives for his "investing in tech with belt and suspenders." Personally, I also use index options to a greater degree than MB, but then my time horizon is shorter and my trading more frequent, I believe. <<<The bull market is not my religion, but currently we are in a bull market.>>> A good argument can be made for the market having topped out in January, what with interest rates moving up, and the lack of breadth in the latest attempt to test the Jan. highs. Unfortunately, no one knows the future...but with all the negatives in the world economies, and with our market priced for a perfect environment, it does seem prudent that one protect their investments with protective puts (if one is extremely bullish). Just consider the cost for out of the money puts as an insurance premium. If you're more bearish, then consider liquidating some of your positions...or researching some of the stocks that MB has bought puts on, and then buying some yourself - or not, as your own work dictates. Asia, Latin America, Russia, and England have already entered a recessionary period, or worse, and I doubt that Europe is too far behind...if all the rest of the world enters a recession then I don't see how the U.S.'s economy can stay healthy...if you consider it healthy at present. Personally, I hate the idea of a major meltdown and what it would do to our national morale, not to mention individual disasters/hardships - but that doesn't mean I won't, or shouldn't, try and profit from it...only that I won't gloat should it occur.

To: Mary Cluney who wrote (48877)	2/25/1999 1:31:00 PM
From: Ilaine	Respond to of 132070

>>>>>But, from the rest of the people on this thread, I don't understand their rationale. Are they just rooting for a meltdown for its own sake?<<<<< Mary, this is the question I was responding to. I realize you hadn't asked it expressly in the post I responded to, but you have asked it more than once, and I assumed (correctly, as it turns out) that you still felt that way. Well, more precisely, I was wondering if you still felt that way. As far as "profiting" from the crash (let's assume for the sake of the argument that there will be one), I don't have a clue. I cashed out and am sitting on the sidelines, looking for opportunities. I do have an agenda, I would like to buy low.

To: Mary Cluney who wrote (48877)	3/23/1999 3:31:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

Hi Mary, last time Mike was called names on Intel Shrine was on Feb 12th #reply-7804271 Now your frind, Mr. Foul Engle, is not stopping-by here: 1. to spread his misinformation and hype Intel 2. to discredit Intel nay sayers 3. to exhibit his uncanny ability to excrete dung through his foul mouth I wonder if it has anything to do with: 1. some of the truth being known. i.e. with regards to Intel's misinformation (about the demand that never existed and about the relentless channel stuffing by OEMS and by Intel itself), which, either you fell for or willingly spread to misinform. 2. the stock price then was above 130 and now it has fallen about 28% from the peak. Sorry to give you hard time on this. It is just an attempt to let you know that a lot of us on this thread disagree with you on Intel but we do have a basis. It is not only intel specific, but also on the big picture. Good luck!