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Pastimes : MELT-UP or MELT-DOWN: Cast your Vote

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To: shadowman who wrote (334)4/30/2002 10:56:59 PM
From: sea_biscuit  Read Replies (1) of 361
 
lesson one that the market has taught me....don't go near techs for a long long time.

I fully agree with you. Don't buy them. Don't short them. Just keep away from them. Shorting these things is very, very dangerous if we realize that the reason why they went so high in the first place is because of slick promoters pumping the stock or, because of fraud (or both). As Warren Buffett says, such promoters and tricksters are almost sure to have many more tricks up their sleeve. And if you go against them, you are very likely to run out of money before they run out of ideas!
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