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Politics : Ask Michael Burke
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To: MileHigh who wrote (62796)6/18/1999 9:58:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
MH, Congrats. It is true that the folks who got into other Ponzi schemes early also made money. The trick, if you are going to take this sort of gamble, is to make certain you are low on the pyramid and out before the inevitable collapse. I have seen these high pe stocks topply through too many cycles going back to the 1960s and I've made money on them every time both long and, in later cycles, long puts. It is great fun. Just don't try to convince yourself it is investing. <g>
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