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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Lars who wrote (5916)	6/16/1999 1:58:00 AM
From: Carl R.	Read Replies (1) \| Respond to of 15132

Hey Ponzi schemes are good investments, too, if you get in at the front end, and aren't stupid enough to keep putting the money back in... <VVBG> I tend to agree that you can buy a nut or two, but don't forget to take some money off the the table if it runs up for you, and don't put more into the "nuts" than you can afford to lose. And of course, never margin your "nuts"! And do keep in mind that probably 80% of these "nuts" will ultimately go broke or be forced to sell out when they run out of cash, so don't fall in love with them. Also remember that in order to justify a 30% annual stock return on a stock currently holding a PSR of 100 the stock will have to double sales every year for about 8 years to get to a reasonable PSR. Thus choose carefully which ones you wish to hold. Carl

To: Lars who wrote (5916)	6/16/1999 10:24:00 AM
From: Kirk ©	Respond to of 15132

Tulip Traders I wonder how many people quit jobs to become day traders back then. HA! Interesting thought... San Francisco, the city of my birth, was made famous by the "49'ers" that didn't play football. They came out for the gold rush. Whole industries were built to support the gold rush. Wells Fargo Bank was the "Federal Express" of those days... I wonder if "The Orient Express" was a route built to go to Turkey to get tulip bulbs? (on foot and horseback of course as trains were still centuries away) or did they use sailing ships? I bet it would be an interesting study in history. 50 years is a LONG time...