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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: whitephosphorus who wrote (5850)	8/4/1999 4:27:00 PM
From: Mike Fredericks	Respond to of 13157

This is somewhat off-topic, but honestly I can't think of anything that would be better long-term for the market than for a boatload of margin calls to come in right now. I think it would teach alot of people a lesson that they've been unable to learn the past few years. I sure learned the hard way about margin. Something about being so gung-ho on IATV to buy on margin at 17 and 21, only to get whip-sawed out at 12 & change and find my near 10-bagger turn into a 2-bagger. Still profitable, but margin makes you lose your money faster (and gain faster). If people get burned a tad bit by margin, maybe there'd be less margining going on and a bit less volatility in the market as a whole. -Mike (long and not on margin)

To: whitephosphorus who wrote (5850)	8/4/1999 4:28:00 PM
From: SCOTT HEIMAN	Read Replies (3) \| Respond to of 13157

To Art and other real investors: It is futile to try to help some of the people on this and other IATV boards. They are missing one of the most important characteristics of a successful investor: conviction. They make investments without really understanding what or why they bought something, prefering to have the market tell them how to think or feel. Of course, as any experienced investor knows, the market is completely illogical in the short run and NOBODY can learn anything from stock price movements over the short term. Anybody who says otherwise is a liar, a fool, or both. So the stock didn't pat them on the fanny and tell them that they made the right investment decision today. Now we all have to listen to them whine, moan and berate the company, the management, and the stock. Do yourself a favor: Let them sell. I just hope this fair weather crowd realizes that they will never be successful investors because truly successful ones think for themselves and are not swayed by the short-term noise of the market. (Do you think Paul Tudor Jones is wringing his hands over today's price?) Scott