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Technology Stocks : Network Appliance

NTAP 107.32

+4.0%

Nov 21 9:30 AM EST

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To: BirdDog who wrote (7197)	3/19/2001 1:40:25 PM
From: chic_hearne	Read Replies (2) of 10934

You buy back in at, say, $40 (sold at $20). You maybe then will avoid spending some time looking at a piece of paper stating $10 and thinking about loosing money temporarily. And you will have bought back 1/2 the number of shares that you owned at $20. So when this stock goes back up 1,200%. It will be as if you only went up 300% because you have only half the number of shares you sold at double the price. This kind of bull market logic doesn't work anymore. Hasn't anyone told you the mania is over? I think it's a major, and dangerous, fallacy propogated by Motley Fool, Peter Lynch, and others, that if the business is doing well, the stock must be a good investment. I couldn't agree more.

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