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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: kech who wrote (1453)	1/28/2000 2:16:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 12254

Tom [and all], I'm now back from a break, have paddled all the way down some of the WWeb streams and this is a LOT of fun. Getch, in Coming Into Buy Range wrote <Feels like a really unpleasant bungee jump. Yuck. I've been gone the last 7 weeks in New Zealand (most excellent honeymoon). I actually had to jump off the 100 meter bridge to get the excitement you guys have had around here without leaving home. ...waiting for the cord to catch, the river quickly approaching... P.S. To my 100% Q option friend Kelly K. who is in New Zealand now, make sure you pick the right bridge to jump from.> This is even more fun and exciting and terrifying than a bungee jump because a lot of people aren't wearing bungee cords! This is more of a Lemming Leap than a Bungee Jump. The game Moonies play is called a 'zero-sum' game. It is not investing. Investing is providing hard-earned capital to people with great ideas so that they can produce wonderful, creative things which will return at least 10% on the money provided. In a zero-sum game, it's a bit like roulette - everyone puts in their money, the wheel spins, the house [and tax authorities] take their cut and the rest is shared out among the gamblers. Unfortunately for Moonies [a word used throughout English to describe superstitious mystics who blindly follow a leader, commonly an alpha male - not anyone here, so people should not take offence] the effects of 'gamblers ruin' clean all too many of them out. Of course there are the lucky ones who can tout their brilliant [but lucky] timing to the world and gather a following when the rubble is cleared away. They can become the new 'guru' while the others, who foolishly quit their job when the calculator hit $1Q or $2Q back at $180, start seeing shattered dreams splattered over the landscape. Gambler's ruin is the effect of the zero line. If people could go into negative territory for a while, eventually many would come back out, but they can't because they are then out of the game [by margin call]. The bigger the house take, the faster that zero approaches [in stockmarkets, the investment returns can offset a little of the house take but not in the case of frenzied day-trading]. I'm enjoying a wry smile at the mayhem. Malicious though it might sound, I'm hoping that certain people are NOT wearing bungees. Maybe, at last, this is the downdraft [in the markets] I've been waiting for since June. Heck those markets are resistant to instructions sometimes. I think it's about 8800 or thereabouts it's supposed to go to. It was 8200 last June, but the intervening time means it won't go so low. So far, the market drop has been piffling. Things could get a LOT more exciting. I wonder if the $1bn stock SnapTrack acquisition was settled at $180 or $160 or where? Of course those who don't have margin accounts but just put their hard-earned money in at $180 can just wait for 5 years for the great things they were backing to come out of the factories and into the markets. A true, long-term, investor should not need to look at the markets if their original estimation of the company was sound. Of course they should watch things to ensure plans do go as laid out by the mice and men [or, to be unsexist, women]. I'm not back - I just couldn't resist a post at such a time when my brilliant TA is being fulfilled [which I know is counting my unhatched chickens]. I'll decide in a few days whether I can be bothered posting where too many unpleasant, aggressive, vulgar etc people spend their time and where SI supports their behaviour by injudicious terms-of-use enforcement. Don't forget, Dow 16,000 Feb 2002. This advice is not free - you only get the double-your-money-back guarantee if you send me Q10 via 'EudoraCoin' at my Eketahuna tax-free fully-encrypted cyberspace address. Anyone looking for a new guru, I'd like to try out for the job. Mqurice PS: Meanwhile, two students from Kristin school kristin.school.nz in Auckland scored top marks in the International Baccalaureate examinations ibo.org. [Along with half a dozen others]. That's some achievement for two young women who presumably don't do straight-line or Moonie-shaped thinking. One wants to be an immunologist and cure cancer. The other was interested in diplomacy and 'wants to save the world'. Cool eh! Congratulations to them. I like the school motto. <Progress with vision, integrity and love>