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 : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (35539)	4/20/1999 7:59:00 PM
From: jbe	Respond to of 108807

I was neither surprised nor much upset by what happened yesterday. A marked drop in the Internuts and the high end of the tech spectrum, without an overall market dive, would be one of the saner things that could happen to today's market, IMO, and I wouldn't mind seeing it repeated a few times. Yes, Steve, but you know that is not the way it happens. Investors do not just suddenly decide to punish specific companies that have gotten too big for their boots. What does happens is that along with these overblown stocks, a lot of relatively low p/e stocks, in undervalued companies, get smashed in the panic, in indiscriminate mayhem. Now, I don't own any of the companies you mention, and I have just one "internut" (bought in a weak moment). Yet my portfolio of individually owned stocks was down over 5 percent yesterday. My mutual funds, which over all probably have a heavier weighting in high-flying tech stocks and internuts, did better...Go figure.. Sanity? I would not expect it from this market... Joan

To: Dayuhan who wrote (35539)	4/21/1999 11:26:00 PM
From: jbe	Read Replies (1) \| Respond to of 108807

Speaking of market instability... An update on the behavior of my portfolio of individually owned stocks. (Most of my money is in mutual funds.) There is only one internut in it, and few tech stocks. Yet, as I complained on Monday, it was down by over 5%. Well, today (Wednesday) it is up -- by 8.7% (!!!!) Of course, I am pleased. But befuddled. There is no more sense in this rise than there was in the fall. Oh, heck, eat, drink and be merry, for tomorrow we.......what? jbe