Mucho--
I've been here since day 21 and except for an alien abduction some of the other regulars may remember, I've read every post. We've run a few people off, but that was more due to rudeness than to what was said. There was one recent and exceptionally crude poster whose retrospect was of no practical use at all. I don't even recall his name now.
JS on the other hand struggled here for a while, but did have some useful things to say and has, in my opinion, been accepted as a valuable poster with a now-courteous manner.
Still, I don't know of anyone who was warning us in March that our capital was so much at risk. Buckley talked to us about valuation in March, 2000...and none (well, almost none) of us sold, including Mike.
We've been myoptic. We know the gorillas and the kings. The dogma. I hope we've learned that technology is not immune to economic forces, but I'm not sure we know how to spot them gathering darkly.
One thing I'm very sure we missed was that the business plans of the dot coms would be our undoing. Those companies to a large extent were technology customers. Our best firms sold to them, and for a while, they got paid. And then they didn't, and suddenly there was a capex crisis, and we know the rest. Q, I think, was just our own error. We held when it was really stupid. We held when not many of us would have bought more because of price/value...and that should have been our "sell" signal.
Chaz
PS...I've checked. There's not further damage being done to Buckley's spell checker in this post. However, I struggled with alien. Three syllables in five letters is tough. <gg> |
