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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (54385)	4/30/1999 6:08:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Sarmad, I've followed your posts for some time. The thing you need to understand is max pain and max gain, in one day. Let me give you an example. You posted some time ago that you made $money, but you gave it back because you didn't BTC. This is what you need to handle. You go long, or short with a daily objective. It works out, so you take your profits, but you can't sleep @ night, because if you had handled it differently, you could have made even more $money. Any day you make your initial $objective, your a winner, but never be a complainer.

To: Sarmad Y. Hermiz who wrote (54385)	4/30/1999 7:28:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Dow Breaks Its Winning Streak By Nelson Schwartz It wasn't pretty but it could have been a lot worse. After rising early in the session Friday, stocks plunged in late afternoon, only to recover from their worst levels in the final half-hour of trading. The run of record highs had to end sooner or later. The Dow finished at 10789.04, down 89.34, while the S&P 500 sank 7.65, to 1335.18. The NASDAQ actually managed to eke out a decent gain, rising 14.41, to 2542.85. Here's what we've been following: A MIXED BAG.... Although the NASDAQ finished higher, the tech group was generally mixed Friday. While Microsoft fell 3/4, to $81 5/16, and eBay sank 6 7/8, to $208 1/8, Amazon jumped 3 3/16, to $172 1/16, and AOL edged up 1 3/8, to $142 3/4. One notable tech winner was Cisco Systems, up 4 7/8, to $114 1/16. Morgan Stanley reiterated its strong buy on the king of networking, citing a 12-month target price of $135. The big tech IPO of the day was Marimba, up 40 3/4, to $60 3/4. For more on Marimba and its CEO, Kim Polese, see Melanie Warner's story, The Beauty of Hype (http://fortune.com/technology/1999/03/01/kim.html). THE STORY BEHIND EMC.... A reader sent me an e-mail asking why shares of storage-equipment maker EMC have been so weak lately. It's a good question, since EMC is one of the fastest-growing big tech companies out there. Turns out that some investors are worried that EMC will suffer as customers cut back on purchases in order to pay for Y2K repairs. Personally, I wouldn't worry about Y2K hurting EMC too much because over the long term, the company should bounce back from any temporary weakness. EMC rose 1 5/8, to $108 3/4. THE WAGES OF FEAR.... Normally, when a stock drops nearly 10 points, it's because of an earnings disappointment or some other calamity. In the case of Restoration Hardware, just the fear of weak numbers sent it tumbling 8 3/4, to $15 5/8. Both Goldman and Montgomery downgraded the high-end hardware store chain amid talk of shrinking margins, and RSTO now trades below its June 1998 IPO price of $19. Retail is among the riskiest corners of the market and it will be very interesting to see what happens when Restoration reports earnings next month. IT'S BIG, ALL RIGHT...You may have heard that Priceline, which sells plane tickets among other things, has a market cap that's bigger than some major airlines. Well, I looked into it and it turns out that at $23 billion, Priceline's market value now exceeds that of Delta, United, USAir, and Northwest COMBINED. Priceline rose 24 9/16, to $162 3/8. I'm telling you, folks, this particular bit of Internet mania cannot last.