Larry,
The fool called it the fall of the fall, I called it the six flags magic mountain, it's fun. Whatever it is, we want to do it over and over again. I am holding your magic word "Don't marry the bear" it paid off quite well, wasted them early tuesday before Clinton speech and Party with them back after the 1st YOYO. It took me 10 min to get through my broker in late after noon, I thought it was bad but many people have said they can't even get through at all. I short most of the stock that bounce back including IBM, I'll think once they ran out of the money to buy themself back, it will drip, drip, and drip. I am watching MSFT, will buy that baby back soon. I'll think MSFT is the Co that deserve high PE, the reason simply that their software is very popular, it will advertise it on the cereal boxes et..
On the other hand if the copy right law in the other countries is in sync with the US, MSFT will earn 10 times more, I'll think only 10% of the software are bought in many contries, the rest are copied, it's bad but it's good. |
