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Non-Tech : First Union Bank -- Ignore unavailable to you. Want to Upgrade?

To: Mike Fredericks who wrote (272)	1/25/2000 10:26:00 PM
From: BWAC	Read Replies (2) \| Respond to of 323

Sorry for your loss of 20 points. But what can be learned here: 1. Try to buy low and sell high? I bet come this time next year you could sell at a profit. 2. So it wasn't a good buy at $50 something. At $30 a significant amoutn of the risk has been removed. Can that be said for the next place you put your money? 3. That 6% Dividend could have offset your losses for a while. 4. Want to bet that this is very close to the bottom?

To: Mike Fredericks who wrote (272)	1/26/2000 10:04:00 AM
From: BillRacer1	Respond to of 323

I agree you probably could invest in other more profitable market sectors. However, FTU currently has a P/E of 9.5, sooner or later analysts are going to wake up and see the valuations of some of the tech sector companies are up there. Don't get me wrong, I am heavily invested in tech myself. But I am also looking to offset that valuation risk with more stable companies that actually have earnings. My wife is a current employee of FTU and I am a former employee of FTU and BAC. Both are good companies. I have an equity stake in both. As a former Customer Service Manager, I conversed with many unhappy customers. Most were unhappy because they bounced a check and were charged a fee. Or something of that nature. Bottom line is that no company can make everyone happy. Bill.....