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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (10030)	4/6/1999 6:23:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

>>>no matter at what price'... all in all a good short candidate, i'd say.<<< Yes, I'd like to thank Jack also, his analysis was a confirming indicator. A customer came in yesterday morning and I started talking to him about the market. He had just had his broker buy priceline.com because he saw Captain Kirk -g- advertise it on TV. It ipo'ed on Friday, of course the obligatory 400% opening -g- I'd say we've come a long way since the internets version of Jobs and Wozniak (also a couple of yahoo's -g-) in a garage. Now the street is using Madison Avenue is in full force, national media to distribute to the suckers, all jealous of their friend who made a killing in internet stocks. Dow 8000, got a small write-up on the newspaper front page, as did 9,000, however 10,000 was full page in all it's glory, trumping even Kosovo in many Daily's. When it hit's the front page this big the trend is near an end. btw, i turned in my phaser today :-( -g- bb

To: pater tenebrarum who wrote (10030)	4/6/1999 6:26:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Heinz, you may make some money on your puts, but my read is that buying option on high volatility stocks does not result in profitable trades. Writting option is much more profitable, but on AOL and other Internet stocks I do not have the guts to do it. Therefore all Internet stocks are a curiosity for me. It is interesting to observe that the market is getting narrower by the day but indexes are still up. BTW today a full commission broker called me from a known and established WS Firm and recommended strongly I should buy some Hot Internet stocks from his firm. I wish those guys should go to jail. The bastard never even asked me about my investment goals or the risk I want to take. Are PYRAMID SCHEMES legal in the US?? BWDIK Haim

To: pater tenebrarum who wrote (10030)	4/6/1999 10:42:00 PM
From: Jack Luo	Read Replies (1) \| Respond to of 99985

Heinz, Just got home from work and logged onto my computer. I was a little surprised to see 126 new posts in this thread. Everybody seems got excited. Wow! Market up and down. I had some time in the daytime to look at my watch list. Saw the big swings in both AOL and YHOO. I was wondering some news must be leaked out. The following news must be the reason why AOL shot up today: cbs.marketwatch.com Can you image this even last year? CBS could have bought 5 AOL's 5 years ago. Now, AOL is worthy of 5 times of CBS. What a new economy! My wife told me that according to CNBC, CBS denied the rumor. That's probably why it came back to earth later afternoon. Somebody in this thread may be confirm this. As I said in my earlier post about AOL, even its chart looks extremely overbought, you never know what's going to happen the next day. Did you notice that there have been lots of buying and merging activities by the big Internet companies. Any news like this will excite enthusiastic investors and generate buying panic. So one of my rules is "never short leaders" no matter how tempting it looks, because the risk/reward ratio is too high. I am only looking for easy targets. You are lucky, AOL got back to the earth before the market closed. I think you will be OK, but don't take my word, I am only a part-timer. <g> Good Luck! Jack