To: nihil who wrote (27318 ) 2/7/2000 10:15:00 AM From: High-Tech East Read Replies (1) | Respond to
nihil - thanks for the comments - and also the lecture <ggggg><<I am an economist who has made a modest bundle by trading on tech stocks>> <<I don't think anyone who has invested and held in the major tech stocks over the past ten years has been disappointed, or they have been fantastically unlucky and ill-timed. But there are millions who invested in non-tech stocks who have been slammed>> <<I am willing to predict that most major tech stocks will continue to grow in the coming decades because they invent and sell productivity increasing products, serve new markets, and lower cost of production in many non-tech companies.>> <<I am willing to predict that non-tech stocks on the average will not grow nearly as much (and maybe not all all) because their markets are more nearly saturated and most of them will need to cut their costs to compete. New techs will have to have some technology that makes them more efficient than the big boys to thrive (and be taken over).>> <<For the individual investors, persistence and patience is required. In good times one needs to take profits and cut back on margin and build some cash to buy on pullbacks.>> <<In bad times there is a need to avoid panicking and selling out.>> <<Few will have the strength to survive one or two years of depression. <<But if there anything that we can know it is that tech stocks will prevail -- not all of them of course -- and the course will not be steadily up.>> <<Calm down>> <<Everything may be okay.>> may .not be okay.
