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To: Chuzzlewit who wrote (132543)6/12/1999 9:59:00 PM
From: puborectalis  Read Replies (1) | Respond to of 176387
 
Would you nibble at AOL at these levels.....what do you think of NITE and MER in the brokerage area?....hope the" misses" is well.



To: Chuzzlewit who wrote (132543)6/12/1999 10:46:00 PM
From: jttmab  Respond to of 176387
 
Chuzz

RE:And when the price hit $175 I wrote October $130s.

You've got the proverbial brass ones and you are entitled to one gloat as far as I'm concerned. <g>

Nice trade! and some good advice to boot.

Best Regards,
Jim




To: Chuzzlewit who wrote (132543)6/13/1999 10:18:00 AM
From: Bald Eagle  Respond to of 176387
 
<<What will happen to those people who are leveraged to the hilt if we ever see a bear market? Even a mild one, like 1994, will wipe a lot of folks out.>>
I guess it's called "living and learning". I took many major hits before I devised my own disciplined way of investing. I didn't use margin, so I wasn't completely wiped out. The expensive lessons are the ones you don't forget!



To: Chuzzlewit who wrote (132543)6/13/1999 10:34:00 PM
From: stockman_scott  Respond to of 176387
 
FYI...The new rules for individuals, companies, and nations
by Lester C. Thurow

(The online version of this article appears in four parts. Click on the link below to view the complete article).

THE old foundations of success are gone. For all of human history the source of success has been controlling natural resources -- land, gold, oil. Suddenly the answer is "knowledge." The king of the knowledge economy, Bill Gates, owns no land, no gold or oil, no industrial processes. How does one use knowledge to build wealth? How do societies have to be reorganized to generate a wealth-enhancing knowledge environment? How do they incubate the entrepreneurs necessary to bring about change and create wealth? What skills are needed? The knowledge-based economy is asking new questions, giving new answers, and developing new rules for success.

theatlantic.com