To: Duane L. Olson who wrote (1007 ) 3/31/2000 2:11:00 AM From: J_W Read Replies (2) | Respond to of 4564
Found over on MF. Very appropriate for the times...boards.fool.com They vexed me, all of them. The walking corpse of the Fed, who raised the rates, while cackling "They must sell! They must sell! We must have little growth, we must have low stock prices, we must have millions out of work!" I refused to sell. The oil pukes vexed me. They said "Sure, you suckers saved our godforsaken patch of dirt from a maniac! But you didn't insist, like conquerors in the past, for anything other than fair treatment! Even that, we do not have to give! Nyuk Nyuk Nyuk,those suckers will save our stupid feudal countries again and again, and we shall raise oil prices! They are surely doomed, them and their silly stock market." I refused to sell. The horrible anallysts vexed me. They said, "The PEs are too high! Technology is overpriced! Sell! Sell! SELL FOR GODS SAKE AND GIVE YOUR MONEY TO US SO WE CAN INVEST IT FOR YOU! ONLY WE KNOW WHAT YOU WANT! ONLY WE ARE WISE! SURELY, THESE LITTLE PATHETIC STOCKS YOU RESEARCH SHALL BE BLOWN AWAY BY OUR MAGNIFICENCE AND INTELLIGENCE LIKE A BUTTERFLY IN A TORNADO!" I refused to sell. The online broker vexed me. They made ELON non-marginable, and gave me no leverage. They took away my ability to trade. I saw many wonderous opportunities, I saw KO at 43.....I saw NWAC at 17.....but I remembered ELON. I refused to sell. Now, the bears spread panic and fear. They invoke ghosts of 1929. They invoke 1987. They speak of the great value to be found in hoary slow moving companies, paying dividends twice taxed, companies whose growth rate is slower than Greenspan's rate of arousal. They pound the table, screaming sell. If they new where I lived, they would sit on top of my computer monitor, shrieking and drooling, their horrible dwarven faces twisted in consternation as the sell button remains untouched. THIS IS THE BEST THE SWINE CAN DO? UNTIL I SEE WITH MY OWN EYES ANOTHER COMPANY DISPLACING ECHELON THEN THEY ALL CAN GO SHOVE IT! There. I feel better. 'Nuff said.