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 : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: bill meehan who wrote (42388)	5/24/1999 10:36:00 AM
From: MythMan	Respond to of 86076

all but one -g- We're about 3 years past due for some serious margin calls on buyers of DUNG stocks -ng-

To: bill meehan who wrote (42388)	5/24/1999 10:40:00 AM
From: accountclosed	Read Replies (3) \| Respond to of 86076

they're getting pounded.

To: bill meehan who wrote (42388)	5/25/1999 10:46:00 AM
From: Greg Jung	Respond to of 86076

bill, there's a quote from you out there that is being taken as a "buy on the dip" call - (from memory) "Investors believe the selloff is unwarranted and will again buy on the dip" For the least few months I've gone completely into smaller issues, with exception of 3com, and I have no short-term/long-term restrictions because of the losses I can balance with this year's gains (if I'm lucky enough to get them). I've picked issues looking to be near or at bottom, ready to improve. So far the issues I've picked are doing great but my execution has been lousy - lack of patience and mercenary nature of the trading philosophy, as well as being in general margined has run me out of doubles or better in E.spire (espi) from 5, Triton Energy (Oil), Freidman Billings (FBG) and a few others getting big moves that I traded out of either for loss of faith or generally trying to market-time the stock. Did I mention loading up on UBB at 10-11 and unloading at 12-13. Oh well so lately I've just stuck with the selection I've got, and being mainly in software/service, margined a bit I'm up better than 50% after a few weeks, and still cruising through today afaik. The puzzlement of market commentators is quite amusing as to me, the overall action is simply an inverse of the usual pattern exhibited i the run-up. MOMO stocks losing but mom-n-pop stocks regaining value. Part of the bias I believe must derive from the media folks owning mainly the big stocks for their 401ks (ie GE always gets a moan when it doesn't do well). I've avoided any internet issues but dd get caught up in the frenzy one day with TD. So kif that quote really was yours you might want to quantify the term "selloff" which I would say takes AOL to 80 or lower and knocks Intel back to the 30-45 range where it belongs.