To: Cooters who wrote (65480 ) 1/31/2000 8:50:00 PM From: waverider Read Replies (1) | Respond to of 152472
Just finished reading all the posts here since Friday. Severe doom and gloom and cranky words back and forth (even without me). Reviewed the more dire predictions I bookmarked from last week as well. Today was a classic example of what happens when folks try to time gorillas. Trending, dead money, going to 200 day moving average, IDC competition, Irwin being called names...and that "slump" word. And this "House" thing... There isn't enough power and money in the world to control what happened today. Not that I didn't have some depressing thoughts about a price decline myself, but what happened today is exactly what the long term holders like Uncle Frank keep chattering about. It's impossible to time this thing. Kudos to those of you who hung on. I know quite a few who did not (including some people I advise). I strongly suggest those who predicted horrible things print their posts and place them in their journals for future reference. Don't know what's going to happen tomorrow or next month, but the picture sure looks bright. Jim, I think you did a good job calling the bottom. Congrads. I rolled a large percentage of my DIM 2001 LEAPs today into in the money 2002's. Nice increase in leverage. Would like to say I did so with a price advantage, but the transfer cost me about 3 points on the upside...what was I saying about timing? What a guy. Rick <H> P.S. John, are you really going to punch people out if you ever meet them? The luncheon ought to be interesting. And who is that new guy, Jack Bitter or something? How about everyone relaxing now and trying to be sweet to each other. Ed, I apologize for being so meow-like. Peace? OK, now back to making money.