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

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To: pater tenebrarum who wrote (51746)	12/28/2000 1:09:57 AM
From: vegetarian	Read Replies (1) of 436258

Recently heard that a major semiconductor tech is adding QQQ to the set of choices to their employee's 401K retirement plan from Jan 2001 when all their other choices are more conservative. Now silly me, thought of the following scenario: JoeSilverHairTech employee has seen is stock and option value cut in more than half for the company stock, sees that QQQ did so well so far and now that it has fallen looks like a bargain, to compensate for all the stock and option losses he decided to make a wise move in Jan new year to move all his retirement money to QQQ because it has started to rise and he is convinced that the bottom has been seen, however, like a radioactive element's half life QQQ's value halves again in three months, and since the slow down is more than estimated earlier, the employee also gets laid off at that time. Nah! can't happen right? too much caffeine ;-) SO what do we make of this volatile addition to retirement choices which IMO is arriving at an unfortunate time. May be more to come? who knows...

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