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To: B.REVERE who wrote (16303)3/10/2000 5:31:00 PM
From: IceShark  Respond to of 42523
 
Yup, that is the problem. In college entry classes we used to play these types of games, funny how they all came unglued. I guess current BSchools like Wharton and Chi are putting out morons. What am I saying, they are all becoming millionaires with stock for starting something or giving old buddies "friends & family" shares for pumping 'em at the investment firms. -g- What a deal, I was 15 years out of sync.



To: B.REVERE who wrote (16303)3/11/2000 12:34:00 AM
From: Terry Whitman  Respond to of 42523
 
There was an article on the FRONT PAGE of the local rag today very similar to that one. They stressed the huge rush of money out of 'old' companies and into new. People were quoted as being 'afraid' of missing out. Major sign.

Also- I found out today that my mother had allowed a broker to roll a CD into several (diversified) mutual funds. I checked them out, and they were all 90+% stocks- heavily weighted in technology.

This woman saves styrofoam cups for heaven's sake. I told her to immediately sell the highest risk fund (which was 50% of it) and put it into money mkt and bond funds.

We won't probably see any serious selling until March is past. Everyone will still be crowding their IRA money into tech crap until then. First week of April, 2nd anniversary of the A/D top, should be another one IMO.

I'm on the dividend capturing train now. The stocks you buy are low risk, the dividends are getting better, and the returns are pretty sweet if you can do it every 2-3 weeks (50% annually). If you happen to catch a bottom on one, it can be even better.