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 : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (4139)	3/28/1999 9:43:00 PM
From: Lars	Respond to of 15132

Justa, >>> Never thought about it this way. It is the greater fool theory work as new investors come on line and provide the base for a new level to the pyramid. I suspect you are right. With the growth of the internet, this thing will not end anytime soon unless we get a long protracted bear market. >>> Mr. Market takes no prisoners. As I have said before this ".com" phase will end with MOST, notice I said not all, companies losing 95%+ of their value, assuming they can stay in business. I believe it is analogous to the "onics" phase in the late 60s and early 70s. HA!

To: Justa Werkenstiff who wrote (4139)	3/29/1999 4:11:00 PM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 15132

Went short XLK (Select Technology) at $37 for a short term trade. I saw portfolio managers with a cruise control approach to buying, positioning themselves for the end of the quarter without a care in the world. Volume was unimpressive on NYSE and NASDAQ. I suspect we will see investors looking at valuation issues with this 10,00 milestone achieved. Bottom line: I am not buying this move as an upleg especially in this environment and am willing to increase my short tomorrow if the market is willing to give me a higher price.