Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] Message Board

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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]

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To: TheSlowLane who wrote (1270)	8/8/2000 9:48:32 PM
From: Raymond Duray	Read Replies (1) of 1860

Hi Paul, I'll butt in briefly and then leave quietly. Last night, I was reading Jesse Livermore's "How to Make Money In Stocks". What struck me was that within the first few pages of the frontispiece, Livermore let it be known that a long term buy and hold policy is simply not suitable for a casino speculation, i.e. the stock market. He cited 3 examples of railroads, the dot coms and wireless and FO plays of their day. Each was trading around the $300 level in 1901; as he penned the book in the spring of 1940, one of these three was trading at $25 per share, the second at $3.00 and the last at $0.25 per share. It is reasonable to be concerned as silicon warrior is about just what in the world he has invested in. I'm thinking long term, and what I'm thinking is for all to see over on the LM thread.... IMVHO, silicon warrior has every right to be worried. Regards, Ray

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