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To: Robert Rose who wrote (88234)12/21/1999 4:32:00 PM
From: allen menglin chen  Respond to of 164684
 
Rob, the ballpark number for Craig: drop your % sign!



To: Robert Rose who wrote (88234)12/21/1999 4:54:00 PM
From: James Thai  Read Replies (1) | Respond to of 164684
 
You know, I've been thinking about all these massive gains.

How much is enough? From what it sounds like on this thread, everyone here is pretty much in the top few percentages of wealth.

So here's my question to ponder over the holidays: Why are you still trading/investing? Because you can? For the love of the game? Because you can never have enough?

Merry Christmas to all, and don't forget to take the time to enjoy the profits.

James.



To: Robert Rose who wrote (88234)12/21/1999 5:52:00 PM
From: Eric Wells  Read Replies (4) | Respond to of 164684
 
Until we talk to all the average folk we know outside SI.

Robert - do you realize that there are hundreds of thousands of students throughout the world that are currently studying business and finance in universities, and that these students spend several hours each week in courses where they learn how to evaluate company financial statements and business plans. The goal of such study is to attain the skills to evaluate the health of a company - and to try to predict future profitability - and essentially place a value on a company. These students must laugh to themselves and think the exercise an utter waste of time - because looking at our markets, they know that companies are valued by the mood of the crowd. TA has replaced FA - and isn't TA just charting what everyone else is doing? To attain wealth, one no longer needs to think or understand anything about business or finance - one just has to know how to follow - and that certainly doesn't take much of an education.

But forget about the business students - think about students of other disciplines - engineering, medicine, law, etc. They must be asking themselves "why do I work so hard - my salary will be at most mediocre when I graduate? Wouldn't I get a bigger pay-back if I dropped out of school, got an E-trade account and sunk all my student loan money into CMGI?" And forget about students, think about all the other average folk in the world who go to their jobs every day and just get by - they must be thinking to themselves "If only I bought ICGE, CMRC or QCOM - heck, I'm going to rise above the average and do it now - I'm tired of being average and poor."

Yes, we should all feel blessed - making money has never been easier. I think if we get everyone to agree that YHOO should just keep going up - well, it will - there's no reason why it shouldn't if we all want it to. I don't understand why it took us so long to get to where we are today - why economists and analysts did not long ago discover that if you want stocks to keep going up, why you just have to will it - and it will happen. At the rate we are going now, everyone in the world will soon be fantastically wealthy.

The incredible returns that each of us has received this year is payment for the contribution that we have made to society. What contribution have we made? Why, this market is our contribution to society - we have shown everyone how to become fabulously wealthy - without working and at no risk (and no inflation). Just buy the stocks which are being bought by everyone else. It's so easy. This market is our creation - and such a beautiful creation it is. And every day when we make YHOO go up 36, or CMGI up 48, or ICGE up 40, or CMRC up 57, or QCOM up 30, the market becomes more and more beautiful.

Merry Christmas - and may God bless us everyone! And most importantly, may the market make us all wealthier - it's what we deserve.

-Eric