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 : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (3846)	2/25/1999 1:46:00 PM
From: christopher	Read Replies (1) \| Respond to of 57584

And if you haven't seen it yet you won't want to miss today's WSJ page one story about the boys that sold the 1873 Chicago, Saginaw & Canada Railroad Bonds - Issue price $1000 at an annual interest rate of 7% - to investors for $22.95 each...the sellers claimed the bonds were still legal tender and the ruse worked...they sold at least $12 million dollars worth...of course now the sellers are in the process of getting their wrists slapped by the appropriate authorities...aaahhhhh, ain't America great... Chris

To: Bucky Katt who wrote (3846)	2/25/1999 1:54:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

There are certainly buy ops in panic. . .but the problem with Japanese bond selling is the shear volume of bonds they hold. . .they can't just sell all at once, or they won't get a decent price. . .so if they are comitted to a sell-off. . .1. what is the depth of their comittment [sounds pretty serious as you describe] and 2. how long will it take for them to complete their sale? I am mostly concerned about the number of days or weeks of such sell-offs. . .because this can be mis-translated as overall market weakness and become a self-fulfilling prophecy that COULD start a bear market of sorts. Those long slow days where nothing moves north works against the confidence of long-term investors. . .where market stability is. I believe, personally that we have bull and bear markets co-existing. The S and P Small and Mid-cap performance since Jan. 1 has been miserable. Just a long steady decline. I think the lure of internet stock price gains has much to do with declining stock price in the small and mid-caps. I think the reason is that fund managers are more confident in returns that Inets bring than they ever were before. So when it comes to the more aggressive mutual funds, they could be ignoring the countless issues that make up these indexes. . .and opting for the more risky [but not as risky as last year] Inets. . . and that explains why the decline began the beginning of January [when they turnover their inventory], while the Inets. . .even the small ones have rocketed in the same period. It is a fact that many funds that never would have considered holding Inets, suddenly hold them. It is certainly much to sort. . .and my brain says, "feed me." Rande Is