Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Sharp_End_Of_Drill who wrote (16843)	8/2/2002 3:59:32 PM
From: Von	Read Replies (2) of 36161

Your right, young couples with high debt that have just been laid off their jobs are mailing in their house keys. I have bought three more houses at auction last month. A lot of people want to sell their Autos if you will just pay off the note but they owe more than the auto is worth. You can buy it later from the bank who had to repo them. Warren Buffett bought the pipe line he had been wanting. DYN gave to much for it, they are cash strapped, and sold it to Warren cheap. They needed the money and Warren had it. For now cash is King. Elvis has left the building, most longs are under water hoping to get even. Its not going to happen.... The Bear will wear them out it will be years and most 'can't and/or will not wait that long and will sell at much lower prices. Don't fight the Bear you can't win. This market is now playing last man standing. Keep your money safe. There will be much better buys after the storm is over. JMO

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