Bill Wexler's Dog Pound Message Board

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.

Non-Tech : Bill Wexler's Dog Pound

REFR 1.560

-1.9%

Dec 11 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: debby who wrote (7694)	1/6/2001 1:18:30 PM
From: Cautious_Optimist	Read Replies (1) of 10293

Debby, Economic cycles are facts-of-life. It's a truism that the masses (the last ones on the inverted pyramid, the retail investor, etc) generally sell low and buy high. We are all somewhat unconsciously motivated by this group psychology. One has to hold on when the collective pain is high. In my case SUNW has taken me from the penthouse to the woodshed for now. The sun (the one at the center of our solar system) will shine on tech again someday, maybe next month or next year, I don't know. When it happens we will all beat the crap out of ourselves for not buying the incredible bargains at the lows. In DSL and CLECs generally, the top companies will survive to win new battles or be swallowed by the deregulated monopolies, at more historic valuations (just not momo bubble values!) At a point in this cycle being the contrarian will create a new class of wealth, but by definition you won't know that moment of ultimate pain happened until the opportunity is gone. If you are interested in speculative strategies, you have to tolerate the pain. IMO

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next