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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: Carol M. Morse who wrote (892)	10/2/1999 8:43:00 PM
From: Typhoon	Read Replies (1) \| Respond to of 1390

Carol- I like your honest commentary. I thought I would chime in and say, Watch Out. Literally, I was about to drop $50,000 on puts on egrp, amtd, sch and amzn Friday, but my account had not transferred. I will wait until there is a "the fed didn't tighten" rally Tuesday. I am a pro, but human (so I could be dead wrong) but I think the parabolic move in the online brokers is pure proof of a mania, and if this market continues to struggle through November, and it could unwind until May, I think you will be caught in the new reality illusion that a stock at 35, down from 74, is a bargain, even though it is up from 11 a year ago. This market should see the dotcom mania unwind over the next 8 months, and many of these companies will return to where they were a year ago. The ipo calander has been so packed with this.com and that.com, I think the day trading community will experience a whole new reality as every one that has a good idea, watches 10 new competitors enter the market. While day trading is the goldrush revisited, the inevitable undwinding of this phenomenon will lead to losses in the day trading community, previously not experienced by millions of novice investors. As this occurs, new account growth will slow, if not drop off a cliff, assets will shrink, trading will come to a halt, and the real test will be why buy a stock that has tripled in a year, when new competitors are cutting prices aggressively, and the financials of these companies are suddenly collapsing. It's easy to say, what a bargain, the stock is off 50%. As a 30% grower, it should be 30% higher a year later, not 300%. I would suggest the durability in growth trends is far more predictable in cell phones, Windows, semiconductors, online usage... than in the stock market. the last four years have been the exception to the trend. Historically, public participation has never been higher. This exceeds previous benchmarks like the early 1970s and late 1920s, which were followed by 10 year down or net flat periods. Boomlets like biotech and emerging markets in the early 1990s, are the less draconian comparison, but only having traded through periods and actually losing money can teach one to respect the risk of buying a stock which has had a parabolic move after a 50% decline. So, I question the multiple expansion case versus tech stocks. Second, I think that up 30% from a year ago is reasonable, but in light of slowing if not collapsing fundamentals, I think the risk could be all the way back to 11 if the markets current struggles persist until May. Mid 20s, I think will be a layup, by November's expiration. Short against the box and take a vacation. Hope the real tech growers like EMC, MSFT, CSCO, NOK, INTC get whacked, and buy them on a pullback. Typhoon

To: Carol M. Morse who wrote (892)	10/4/1999 4:43:00 AM
From: puborectalis	Respond to of 1390

The facts.....http://www.nytimes.com/library/tech/99/10/biztech/articles/04trad.1.GIF.html

To: Carol M. Morse who wrote (892)	6/13/2000 1:29:00 AM
From: Bernard	Read Replies (1) \| Respond to of 1390

Good to be back here . Still have my accounts at Charles Schwab . And for the first time since October I had to get assistance on the phone and the broker actually helped me get a better/current price than i was offering at the time online . I found this very dignified behavior . And , I thank the broker for being alert . I got the trade for the lesser price . Joint account is quite dwindled that I seldom trade . Two sons accounts struggling , one pitifully . Sisters account up 70% . Thinking of opening account for daughter when accounts recover since my most recent success with Schwab . happy trading , b