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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: carranza2 who wrote (8344)9/6/2001 8:09:19 PM
From: jim black  Read Replies (1) of 74559
 
I will fess up shamelessly...I thought Globalstar was a bit too risky but stayed with father company Loral
and its A*hole CEO Bernard Schwartz. I was also with Maurice on QCOM and rode it high for awhile, made a quarter million and got chicken, bailed too soon and lost out on another half million. Then I started thinking the
Telecom hype was getting too thick. Then the battles for 3G with megabucks in Europe, started seeing the madness myself, lost a bit on WCOM and then got out altogether. I was not smart! I was paranoid and lucky, but greed makes me wish for the extra half mil in QCOM. Maurice is staying with 'em, bless his Kiwi soul. So in summary I played a fool's game for awhile and got out with about 80% of my net worth at its highest point intact, before March 2000 debacle. So I listen here with a humble and grateful heart. I also lived through the stagflation nightmare of '73-'74 and its oil crisis and the period in 1980 when gold went over $800US. So I play carefully, acknowledging there are wise cool heads here. Welcome to our paranoia, caution, and ultimate optimism, whereby we conveniently ignore that curmudgeon Keynes who was unkind enough to point out that in the long term we are all dead.
jim black
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