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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (57018)4/22/1999 6:03:00 PM
From: Alias Shrugged  Read Replies (3) | Respond to of 132070
 
Take a look at the XLNX results when you have a moment. If they are so-so, I hope to buy puts if the stock pops tomorrow morning.

Oh, and why didn't you remind me to ALWAYS have a third working on MU? -g- I am putless as this thing slides into the gutter.



To: Knighty Tin who wrote (57018)4/23/1999 8:00:00 AM
From: Tommaso  Respond to of 132070
 
This bull market has gone on so long, and there are so many people with enormous unrealized capital gains, that I guess it will take more than a 6% fixed income yield to persuade them to pay capital gains and sock their money away.

Gradually, though, a certain number of long-time holders will cash in. At some point there will be enough new stockholders at higher prices, so that a decline of even as little as 10% might be an inducement to realize short-term losses for tax purposes.

I am not even considering the more reckless speculators, especially people operating on margin at these levels.

But God only knows what will happen if the general market levels sink to a point below which those who have been taking on mortgages, leasing automobiles, and recycling credit card debt can no longer count on their "wealth" to bail them out.

The turning point may come when enough people say, "Hey, here I am down 15% for the year while I could have been ahead 6% in bonds."

Incidentally, AMGdata shows about $3 billion inflow for the past week. Not that these figures ever tell much reliably, but it's the only thing there is week-by-week besides Trim Tabs. As already posted, the decline of money-supply growth is remarkable.



To: Knighty Tin who wrote (57018)4/23/1999 8:53:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 132070
 
Michael: Do you remember about a year ago I PM ed you on the
SPY vs MDY thingy.
Message 9114516
and follow the links.
BTW I was in Houston today and went in to chat with a broker
at Waterhouse, man the place was packed and I don't mean that
they are getting more market share than any other, but what I
saw stunned me. Most of these people were opening up accounts
and it was obvious to me that they were newbies, the fire in the
market is pulling in yo yos by the thousands every day
who never gave the market a second thought even a year ago..
------------
Do you know where we could get a composite of how many NEW accounts
are being opened..crap with this many mullets flooding the market
IBM will go to $300-$400 , She is in the TuLip class now no doubt
about it. I know she don't know how to build a PC , never has
but then AOL is the worst ISP in the world too.
The fact is the more you know how these Tulips are pure
junk the worse off you are; it's not a sane market and good
sense wont work as your fighting the brainless
grunts who will buy anything with a big name and be proud
of owning it.
Analcystis don't work any more ..just ride the MO MO wave.

The call buyers are going nutso too, ( they know every thing
is going up so they buy what they think are cheap out of the money calls, ) I doubt they even look at the premium.

Jim