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To: Bill Harmond who wrote (100439)4/13/2000 6:39:00 PM
From: Eric Wells  Read Replies (2) | Respond to of 164684
 
William - I wish neither you nor anyone who is long any ill-will.

However, I don't think you can justifiably generalize the malicious content of certain posts as representing the opinions of all bears.

You and I disagree on many aspects of valuing stocks. And believe it or not, even with the decline of the past two weeks, I still think there are many stocks that have prices that are too high.

Do I want the market to continue to come down? Yes. Do I want you to lose money? No. However, if the market comes down more, you will lose money. So, my desires are at odds with one another.

Why should I want the market to come down? Because I think the excessive returns that investors have obtained over the past two to three years have had and will continue to have a negative impact on our economy. You may disagree - the economy is steaming ahead after all. But I can't help but view our economy as one would view a crack addict - life is absolutely wonderful as long as there is cocaine to be had - but once the drug runs out, things become hellish. The analysts and pundits that have been boosting this market have been reinforcing the idea that "easy money" is a reality, a reality that will never go away...

-Eric



To: Bill Harmond who wrote (100439)4/13/2000 6:56:00 PM
From: GST  Respond to of 164684
 
William> <have never said "I told you so."> To the best of my recollection, you have never rubbed my nose in it when I have been wrong -- and there were certainly opportunities. Thank you. Perhaps you have come on a little strong with opinions vis a vis my contributions -- but I have played a role in goading you. Like Eric and most others, many of the bears feel that these are extremely risky stocks we discuss on this thread -- in other words, buy these things and you risk losing everything. But that is not the same as hoping anybody will lose everything - on the contrary. Good luck, I know the market is not being kind at the moment.



To: Bill Harmond who wrote (100439)4/14/2000 10:17:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
I don't know with any certainty what the motivation of all this is. Maybe one of the bears will
explain their feelings. I suppose I have been consistently bullish over the past few years in spite
of the bears concerns about valuation and they resented my success. So this is
venting...chance to "get even" psychologically...


William,

I believe it shows lack of maturity for many. I have almost never witnessed anything this disgusting.