Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 178.34

-10.2%

Dec 12 9:30 AM EST

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To: robert b furman who wrote (11362)	6/2/2021 11:23:49 PM
From: Kirk ©	1 Recommendation Recommended By berniel Read Replies (1) of 26767

Thanks for the kind words. It took more time to do than I had planned but it was good to see the data a few times to let it sink in. One of the comments had me calculate the B52 money bombing accounted for about 20% of GDP! Congratulations on your success taking profits to build cash to enjoy life! I know so many do well with leverage in rising markets only to see it vanish when the market goes against them. I had dinner with one buddy last night that wouldn't get off leverage when AMAT rallied in 2001 when I said I took huge profits after buying its first dip... and got crushed... He lived in Paris for six months on money from selling his second software company and market gains before then. Then he sold ALL his AMAT at $25 a few years back when I told him I was loading up even as it was going up by adding more shares at lows than I sold when it went up to take profits. If it busts out of a trading range, then I either add more when low or take even more profits to limit risk and diversify when soaring. The AT&T assets are interesting but it seems to remind me of AOHell buying TimeWarner back when AOHell had some value as a tech company... I'm not convinced that streaming is a race to zero with Amazon, Walmart, Google and others with major "side gigs" such as advertising or selling goods and services at a profit to those kept on with the streaming parts of the business. about.att.com T has to compete with SpaceX for low cost internet and the government might get in and force them to give subsidized internet to low income people.... loads of risk in another race to zero for a commodity, bits. Coming up on 20-year anniversary on my bailing on T stock! Maybe time to look at it after it pays the first lower dividend....

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