Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: UnBelievable who wrote (36422)	11/11/2000 1:10:47 PM
From: Gary M. Reed	Read Replies (4) of 436258

What The Difference Between PCLN and AMZN? A few months ROFL! Did anyone see "Bulls and Bears" (I think that's the name of the show) this a.m. on Fox News Channel? They had that guy who won the Survivor show. He gave $350,000 of his winnings to a wirehouse broker to invest, and they showed what stocks the wirehouse guy bought for him. It was a friggin' knee-slapper--every UltraClown stock you can think of (JDSU, Nortel, CommerceOne--there were about 15 other stocks with simular hype characteristics). I think he said he gave him the money this summer and his portfolio is already down to $258,000 (from the $350k he gave him). They had him on with a panel of "experts" and the host (Brenda Buttner) said that the broker was with Merrill Lynch--after they showed what his picks did, one "expert" said, "sheesh, we oughta be shorting Merrill Lynch." THEN, to add to the comedy, the Survivor guy told the panel he wanted to buy RIMM. It was better than watching Comedy Central. My hunch is that the current Nasdaq tough love selloff is just beginning. Since I trade full time, I get a lot of calls from non-market-sophisticated friends asking for advice. I think I've gotten more calls this week than ever from buddies asking me if they should pull $$$ out of the bank to invest. The stocks they tell me they're thinking about buying are the UltraClown/ultra-hype variety. It's been my experience that these calls are an infallible, nearly perfect contrarian indicator. Look for more Nasdog pain in the weeks to come.

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