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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Hayden who wrote (6281)	4/5/2000 10:04:00 PM
From: jackrabbit	Read Replies (5) \| Respond to of 11568

OT Jeff -- Re How long have you each been predicting that the high tech sector, or the market for that matter, will crash? It's been going strong for several years now. Did you predict that it would, or did you think we would be in a depression by now? First, I never said that the market would crash. I merely defended Chinton's right to post here. He said the market is extremely overvalued -- hardly a unique observation -- and was met with flames and ad hominems instead of rational debate. Second, I have 70%+ of my net worth invested in high tech stocks, most of which I have held for several years. I am very grateful for my investment results over this bull market. But I am not blind to see that we are in a market mania that is totally unsustainable. It is an objective fact that the market has long since passed all time record valuations. The internet, wireless, digital, optics, technology etc. do not change the laws of economics. Re: Just wondering what each of your scores are for predicting economic trends. Judging by my investment results, my "score" is probably A to A+. Maybe I am mistaken, but I suspect that you will be disappointed to hear that. JR

To: Jeff Hayden who wrote (6281)	4/6/2000 3:38:00 AM
From: c.hinton	Read Replies (1) \| Respond to of 11568

Dear Jeff,I started having doutes in early January.By its end I Fired my Advisor and started liquidating stocks, I moved the monies into Treasuries ,Municipals and in a Euro short term gov bond fund.The treasuries are between 5-12 years.You can figure the results for your self.I have lost0.5% on the euro.But I get that back and more on interest. Yesterday I purchased the right but not the obligation to sell 1.2mil dollars at that days exchange rates.The option has a duration of 8 monthes.The fee was about 4% of the sum involved.If the dollar moves down 4% I break even.Every 4% further I double my money The Euro Last year traded at 1.17 dollars to the euro right now it is at.96 dollars to the euro.In my opinion there will be volatilaty in currencies as there has been in stocks. The worst the market does the better I am likely do. I also KNOW what my maximum loss could be.Can any body in stocks say the same. yours chinton P.S.I see the whole market going down.Not just Techs.I owned Wcom since just before mci and should have sold when it was at 90.