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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (14630)	3/5/2000 9:00:00 AM
From: flatsville	Read Replies (1) \| Respond to of 42523

tippet- You wrote: >>>revolution ... my eye! Infatuation, sign of the times -- what real power is implied by ownership of stock these days? A whole lot less than before this mania -- that's what.<<< It's not that "stock ownership" specifically implies anything in particular...at least from my perspective (don't know about Joe.) It's about who controls your ability to access information and the tools necessary to execute a decision once it is made. I'll conceed that this is not Big "R" revolution behavior...But, I think anytime a class or group of people assume or take control of an aspect of their lives where the decision making process or access to administration was formerly controlled by professionals (be they clergy, doctors, lawyers, investment advisors, indian chiefs,...whathave you) there are small "r" revolutionary aspects on a social scale. In this case it could well lead to big changes on an economic scale. >>>Opportunity to gamble and make money (apparently) from little effort? Yes ... transforming? revolutionary? Bllsht!! And no, I am not like everyone else out there. It's not elitist thinking. I just haven't been brainwashed (as a while bunch of folks have) into thinking that a whole nation can get something for nothing by just by printing money.<<< The above has more to do with Alan Greenspan than the issue of individuals assuming control of their investment decision making process. >>>Would it have been nice to be long a bunch of this trash and to have cashed it in, say, on Fri? Sure -- but I wouldn't fool myself into thinking that I'd produced some wonderful good by investing in companies x,y, and z.<<< Yeah, I'm not out there curing cancer or any other major disease either, but I did recently buy a company that has promising treatments for such, strong revenues q over q, earnings about to go positive, no debt, self funding...others may lump it in with biocrap, but I think not. I've recovered my original basis and may sell half my shares on the run up. My plan is to keep a small long position because I think it is a good company. And I worked to find this company...ran screens, hours of DD, even called some friends who own a specialized testing service for one of the diseases the company treats to discuss info on the CDC and WHO websites. >>>this market isn't about investing -- it is flipping paper to the next guy before something real happens or is understood.<<< ...Or grabbing the paper from the next guy, who may be an uninformed "little guy" without access to information? It's always been about that. I think it is just more obvious now. Message 13051326