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.

Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?

To: Jacques Chitte who wrote (19452)	3/16/1999 8:02:00 PM
From: Don Pueblo	Read Replies (3) \| Respond to of 71178

10 years ago, I was busily self employed buying and selling real estate in SoCal. Those ads just cracked me up. Cobalt has "charming" pegged. More than two adjectives like that and I skipped the ad. "Starter" was my favorite. That meant a really cheap POS, which at that time was anything under about two hundred grand. Any reference to trees or lawn meant the house was beat. "Recent remodel" meant the garage had been converted into a bedroom. I had a hearty Stock Market Chuckle today, thanks to Bob Pisani, who never fails to make me laugh. After the market closed, he made a point of saying that he was simply baffled at why the Dow would not go above 10,000. He had to talk to some traders (he always asks "the traders", they Know The Real Truth) and I guess one of them explained to him that the reason might be because some people with a lot of stock had sell orders out when the Dow touched 10,000. I could just see him trying to make sense of this. Why on earth would anyone sell now? Perhaps at some distant point in the future, Bob will figure out that some people, the people that bought T 5 years ago and have free LU and free ASND for example, are selling stock to these guys that know the market to go to 15,000 next week. My mind drifts back to the very first time I saw Bob on CNBC. He was at the CBOE, reporting live, and he called it the "Chicago Board of Exchange". In case you don't know, the traders on the floor of the CBOE are a rather wild bunch. You have to be wild if you are winning or losing 2 or 3 million bucks every day. Lots of the traders carry those little hand held laser pointers, so they can point to different numbers that are posted in order to facilitate trades. About 5 of these guys had their laser pointers on Bob's tie while he was talking, and Bob didn't know it. I wish I had it on tape. (I'm sure Bob is a nice guy; nothing personal.)