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To: Wyätt Gwyön who wrote (49896)11/14/1999 7:10:00 PM
From: Voltaire  Respond to of 152472
 
I have told everyone on this thread that all markets are basically the same. I don't care about numbers except lack thereof, I don't care about PE, I don't care about ASICS, I don't care about downgrades, I don't care about upgrades, I don't care about HDR, I care about only one thing, where is this stock headed, how much and when.

I encountered this same type of dynamic in the Salvage Fields, nothing is more explosive.

The first occurred around 1974 as a result of the Oil Embargo, I am sure some people still remember it.

I was called in to sell approximately $150,000 of Bulk nitrogen fertilizer. Now the basic ingredient of Nitrogen fertilizer is Ammonia, and the way you get Ammonia is by combining nitrogen from air with hydrogen from natural gas, well guess what, world wide supplies of Natural Gas were critical. NO GAS FOLKS!

Keep in mind, this fertilizer was located in a burning Pole Shed and was still burning when I got there.

Make a long story short, normally I could have expected to have gotten maybe 30 cents on the cost dollar and I might have had to arrange transportation. Not that day, I realized where I had them ( same place we got the MM's, short hair), got up on the fender of a truck and went into my auction call. Sold it for over $300,000 and went home never worrying about the check. Every Farmer Co-Op east of the Mississippi was there.

I won't go into the other time but almost as dramatic!

Like I say, welcome to space mountain Mr. Goldman.

V