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To: Meathead who wrote (132538)	6/12/1999 11:04:00 PM
From: edamo	Respond to of 176387

meathead...re: "don't quit your day job" if it wasn't so sad of a situation, it would be laughable...i have been extremely critical recently of msd, due to his silence, and not "playing the game"...your reference to day traders and potential ruination of equity markets has caused me to react in a critical way. there exists no logic in the markets of today, so much news that it can't be assimilated,a company can't stand alone on its merits, it constantly has to "please" the markets...there exists no such thing as a analyst, as defined by markets over twenty years ago...what you have now are "those who are paid for their opinions", opinions in most case, not only lacking fact, but rationality. the frightening thing is that the fed is of the same ilk. i've never remembered a climate of such fear, over that which is not occurring. i regret that it will never revert to the time when an analyst would review a companies balance sheet, and look for something wrong based on what he knows...now they look for something wrong in that which they don't know. buy and hold is even more a better strategy, and anyone on margin is a bit foolish. i admit i bought aol near its high...but no margin, great paper loss, but in time it will come back, as will dell...but not until the "perception" changes and the "pros" like what they see, even if it's "the emperors new clothes" scenario. this month should chart the direction for the rest of the year...triple witching and window dressing time...any issue that closes the month higher than next monday close, should slowly begin to trend up imho, thanks..ed a.

To: Meathead who wrote (132538)	6/13/1999 8:36:00 AM
From: Jill	Read Replies (1) \| Respond to of 176387

Meathead, I think that's why Fidelity, Schwab and other online brokers for the "masses" started upping margin requirements on internuts to 80-100%. A lot of those who have the mentality you spoke of are trading w/ discount brokers. I think those high requirements, though many complained about them at the time, protected the market from really crashing. There's been a major correction in that arena, probably forced in part by margin calls, but they aren't nearly as bad as they could have been. I'm also hoping that this experience may have sobered up some, for example your friend. If he didn't get out in time, he's not likely to margin himself like that again. What do you think? Jill