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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Cynic 2005 who wrote (69094)2/18/2001 10:23:23 PM
From: chic_hearne  Read Replies (1) of 436258
 
That arsehole is essentially saying, "if the Feds lowered rates at 11:00 am instead of 1:00 PM on Jan 4th, things would have been lot better by now." Chambers is one of those who strike me as one of those snake oil salesmen.

I see most of the high tech exec's as snake oil salesmen. One thing you can't fault them on is exiting their respective stocks. Instead of dumping 100% of their positions and alarming shareholders, they've recognized the reality. The reality is that each of them could cash out billions, but they know that's not possible. So they dump $40 MILLION at a time saying it's only 1% or something. I know many that have benefited from the options scheme, and none of them will be facing tough love because they were monetizing shareholder ignorance all the way up and down and have enough t-bills now to satisfy any rainy day.
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