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To: PaperChase who wrote (69275)10/15/1999 4:15:00 PM
From: Greg Jung  Respond to of 86076
 
PC, I'm not short any stock, nor do I own puts, etc.
I've sworn off that since I tried and got burnt, having decided
the deck is definitely stacked against the bettor to the downside.
And I've been pretty lucky with my picks this year, and part of
that success I attribute to staying away from the roulette stocks.



To: PaperChase who wrote (69275)10/15/1999 5:13:00 PM
From: paulmcg0  Read Replies (2) | Respond to of 86076
 
"Did you have anything to gain from a steep fall today?"

Yes, it gave me a nice warm happy feeling to see a week like this on Wall Street, after years of seeing stock prices, particularly on Internet companies, go to insane levels, years of stupid people making comments like, "So, if you're not in the stock market, what are you in? Some sort of aggressive money market fund?".

Of course it won't make the people with a gambling problem (oops, change that to market bulls) happy, but c'est la vie.

I went to lunch at 1 PM (Pacific Time) just after the markets closed, feeling upbeat, took a walk in the gorgeous Southern California weather over to a cafe with outdoor tables, read the newspaper, made plans for the weekend. I think you can expect a serious downturn next week also. Life is good!