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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (79983)	4/22/2000 7:02:00 PM
From: Les H	Read Replies (1) \| Respond to of 132070

There are periods of illiquidity in both markets. As for telecom stocks, it may be a dip when compared to the prior highs. What is a 10 point drop for a 40 dollar stock that was previously 150 dollars? 10 points is a dip for a 150 dollar stock. The only stocks holding up in the sector, including the telephone utilities, are ADC Telecom, Nokia, Bell Atlantic, and BellSouth. Most of the telecom industries are down 20-30% with the damage more severe in the secondaries. The next leg down in the Nasdaq is probably a good intermediate-term bottom for now.

To: PaperChase who wrote (79983)	4/22/2000 7:56:00 PM
From: Skeeter Bug	Read Replies (3) \| Respond to of 132070

>>Those that survived the late 80's/early 90's real estate crash don't need to buy stocks because they are filthy rich from increases in property value :-)<< that isn't true in many places. many folks that bought at the top in 1989 are selling their homes now for just about the same as they bought them - maybe slightly higher. adjusted for inflation, many are down. however, those that bought low, watched the rise and survived, are rich. buy low is the KEY. buy high is extremely risky (ESPECIALLY when you don't think it is risky - think about it). just ask anybody that bought the nikkei at 39k, tulips at $10k, the 1929 high, the 1969 high... or, hey, the naz at 5k. many, many folks died before they broke even.