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 : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (5678)	2/25/1999 10:49:00 PM
From: tom pope	Read Replies (1) \| Respond to of 9256

>>Anyone buying down here? HTCH, QNTM, MXTR, SEG all getting very attractive. << I had to leave at 2 p.m. today, looked for the most oversold I could find, eliminated the financials because they could go either way, decided against LCOS because it would be too flaky just prior to earnings, winnowed down to what I thought was the most beaten up stock I could find and that was - drum roll - HTCH, bought at 33 1/2. I may get my head handed to me tomorrow, but this is the chart that defines "oversold". As always in any market - We'll see.

To: Sam who wrote (5678)	2/26/1999 8:55:00 AM
From: LK2	Read Replies (1) \| Respond to of 9256

RE-->>Anyone buying down here? HTCH, QNTM, MXTR, SEG all getting very attractive. << That's what makes a market. The recent pullback in the drive sector is profit taking from the October lows. As Bob Pisani (CNBC reporter) said yesterday, we need a selling climax before the market can make any decent gains. Any volunteers? I dumped stocks during the Sep-Oct 98 lows, I dumped stocks during the Oct 97 lows, and I'm running out of cash to dump. Any fresh volunteers that are willing to dump their stocks and make this market take off (in an upwards direction?) Regards, Larry PS--Actually, the drive stocks turned up in October with the rest of the market. By the time the first good news (hints of a possible recovery for the sector) started to come out, the drive stock prices had already peaked, and were moving down. But that kind of action happens a lot in the stock market, where it's kinda hard to relate current prices to current news. I would guess that current prices relate better to future news, but there is still a lot of wiggle room in pricing, any way you look at it. Actually, I take that back. The party line is that stock prices move in anticipation of future news. I'm not sure which party to believe in, any more <G>.

To: Sam who wrote (5678)	2/26/1999 10:29:00 AM
From: Robert Douglas	Read Replies (1) \| Respond to of 9256

Sam, re: your chart. IMO, this is what happens when the entire world become traders. Or as J.M. Keynes describes it, “(trying) to guess better than the crowd how the crowd will behave”. I think we kid ourselves sometimes when we think we are smart enough to explain each and every move the market or a stock makes. Ancient cultures developed mysticism and religion when faced with the unexplainable, are we any more advanced? -Robert