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To: High-Tech East who wrote (27289)2/6/2000 8:54:00 AM
From: Lynn  Respond to of 64865
 
Dear Ken,

After lurking on some threads here and over at RB, I feel this section of your posting should be elevated to the level of the proverb, "A fool and his money is easily parted:"

> If the Nasdaq
Composite dropped 30% in one day, and three days later was back where it
started, I would say we never really had a bear market.

I sure agree with you on this one, Ken, but I have seen postings from people that basically say the bear market is over. They consider January to have been a full blown bear market due to some of the stomach wrenching days their stocks had. Checking the profiles of people making bear market claims (with others agreeing with them), I see their investing experience is 2 to 3 years.

A day, two, or three does not a bear market make. Neither does one bad month--or two.

Lynn

OT PS: I just read the most touching posting over at Yahoo at the QCOM Club. One of the people who has become a millionaire via an investment in QCOM sold some of his shares to fulfill a life long dream: write a book on the end of the Mogul Empire. He's on his way right now to do some research for the book and made a posting from an internet cafe in the Singapore airport while waiting for his flight to Bombay.

No impressing [at least in his own mind] friends (or neighbors) with flashy cars or anything ostentatious. Pursuing a dream. What can I say other than I am really, really touched.