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Technology Stocks : WDC/Sandisk Corporation

WDC 253.79

+5.4%

12:36 PM EST

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To: Starlight who wrote (19281)	2/23/2001 11:20:35 PM
From: Craig Freeman	Read Replies (1) of 60323

Elizabeth, re: "capital gains that were higher than usual LAST year." ???! To think this way, you must have some great friends. In 2000, the NASD opened in the high 4,000s and closed the year in high 2,000s. Anyone who had to pay taxes last year was either very smart, very lucky, or invested mainly in mutual funds that distributed profits from prior-year investments. According to my Beverly Hills dentist, most of his clients were "killed" last year. As he busily measures for caps and such, he has heard all manner of horror stories. I was recently approached by a man who sold out to CMGI as a "mega-hero" ... only to watch CMGI fall from $150 to $5 within a year. To semi-quote this exceptional man ... "it was nice while it lasted but I still have $4M in cash and I'm only 26". I don't know if you have ahold of a guaranteed trust fund but the last year has busted the hopes of most people who had significant stockmarket investments in play. ".Net" share stocks have plummeted and thousands of very qualified people are on the street with no hope of reemployment in the near term. I can see the "want ads" for year-end ... "Webmaster Wanted ... must know all available versions of all languages that ever existed. At least 10 years experience required. Start at minimum wage and grow with our new company." Been there. Done that. A LONG time ago. And nobody ever wins. Liz .. if you had any doubts ... THE U.S. IS IN A RECESSION and the markets are at their bottoms. To every one of you who voted for G.W. Bush ... well ... you got your wish. The rich have gotten richer and everyone else has gotten poorer. What might have taked years in the past took just a few weeks in todays "instant-knowledge" economy. Advice #1: hold on to the shares that you have and get a real-life, paying job as soon as your can. For most people in most places, it will only get worse. Craig

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