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To: Beachbumm who wrote (19045)	6/23/1999 9:13:00 PM
From: Mike Hermann	Respond to of 25814

The OBV is looking up!?

To: Beachbumm who wrote (19045)	6/23/1999 9:15:00 PM
From: sea_biscuit	Respond to of 25814

From 1980 to 1985 or so you would have loved owning Exxon. Then came the bust when oil prices fell from $35 to $10 a barrel. Entire subdivisions in Houston and New Orleans were abandoned. I remember folks just leaving their keys on the kitchen counter and driving into the sunset. In New Orleans we lost about 10% of the population as people left in search of work. NOT a fun time to be owning Exxon. During 1985 to 1990, didn't the stock rise from around 8 to 18? (adjusted for splits). Certainly not a disaster if you are a stockholder, right? Now, if you were an employee at Exxon I can understand the trauma, but not if you were a shareholder! Or am I missing something here? My point is just that I'm not sure what takes more guts to stay with -- the supposedly safe Exxon and MO or some juicy high techs. I think it takes guts in both cases. However, I feel that the risk-reward equation is far more favorable in the case of the "supposedly safe" Exxon and MO than in the case of the "juicy high-techs", especially if, in the case of the high-techs, you hopped on the bandwagon after your co-workers and neighbors did!