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Pastimes : Home on the range where the buffalo roam

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To: Sig who wrote (9472)	10/21/2002 11:57:45 PM
From: pbull	Read Replies (2) of 13815

Well, since SI is dead and no one reads these threads anymore.... Janus Mercury had a sizable position in LH. I suspect that big spike was Lammert selling so he can chase QLGC and the like. I'll say this: In the end, Cramer came clean. If you run an investment fund, you have to make numbers this quarter, or assets go somewhere else. It's just a fact of the business, money walks. The greatest fund manager of all time was Garrett Van Waggoner. He bought absolute crap (remember his big bet on ASND? Or does ANYONE remember Ascend Communications?) He put up 50% returns for a quarter or two, and the money just rolled in. Over the last three years, his fund is down something like 75 percent. I guess I'll never learn, but I've always been fond of good businesses at reasonable prices, and I don't like it when the mo-mo guys are involved in the stock. Look back at '99 or 2000, when LH was in the single digits and everybody was chasing Redback Networks and the like. I'm just amazed at how the market works. PB

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