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.

Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Tunica Albuginea who wrote (13694)	4/28/1999 4:28:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 41369

Well, TA, Abby makes some good calls, but if she said to buy CAT because of Asia is out of the woods... she should read what CAT itself has to say about their Asian prospects ... makes you want to go right out and buy it .... NOT! In the Asia/Pacific region, the developing countries which experienced severe recession in 1998 should begin to stabilize and China should continue to grow at about 7%. As a result, GDP for developing Asia is expected to increase from .6% in 1998 to 3.3% in 1999. Industry demand for machines is forecast to be flat with an increase in China offsetting continued decline in Southeast Asia and Korea. Industry demand for engines should also be about flat. Japan is expected to remain in recession with GDP forecast to fall 1% and industry demand expected to further decline. In Australia, slower economic growth and low commodity prices will likely result in lower industry demand for both machines and engines. For the region as a whole, company sales are forecast to be up slightly as higher sales in developing Asia offset lower sales in Australia. So I guess this means that flat growth is real bullish, eh? These companies have been down so long that anything looks up from here. So flat forecast and slightly higher sales are enough to dump techs and buy these guys? And to disregard AOL's blowout earnings? I hope the institutions do dump AOL and load up on cyclicals. That gives the little guys more buying oppportunities, and when the big guys come back, look out above. However, I really don't think they are stupid enough to do that. I think they just tell the little guys to sell techs and buy cyclicals, so they themselves can load up on techs at lower prices.