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

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To: Cynic 2005 who wrote (76830)3/7/2001 6:32:28 PM
From: John Graybill  Read Replies (2) of 436258
 
Spot the barber's "investment" fallacies:

- having a "magic", inflexible selling price (or, stocks go up forever): "...I wanted to hit $1million."

- stocks always show a gain, eventually: "I believe that when the dust settles technology stocks will come back", "I still feel that we're just seeing the beginning for technology stocks", "I think we'll get a second chance", "We'll make a comeback...I'm sure." (two or three more examples)

- the stock market is the best place for your money: "I still think long-term the market is where you want to be."

- stocks always rise after a split: "I wanted just one more split in EMC shares."

- a stock cut in half is closer to its true value: "it's a good buying opportunity"

All Clowns Must Be Destroyed!
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