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Gold/Mining/Energy : Direct Focus Inc. (DFXI) -- Ignore unavailable to you. Want to Upgrade?

To: trilobyte who wrote (575)	5/22/2000 6:30:00 PM
From: whenitgoesup	Read Replies (1) \| Respond to of 768

Yep, still like Greenspan. He is doing his job...removing liquidity so that people don't get carried away with debt (including margin debt) ahead of the economic slowdown. If they had lots of debt and the market crashed...I mean REALLY crashed, not like the last few months, then people would be ruined. Despite what you hear about the new paradigm...it doesn't exist. It didn't after the invention of the printing press, or now after the invention of the internet. The boom-bust cycle is intact. He has a clear understanding of that, and it is his job to smooth out the highs and lows. Nobody said it wouldn't be painful. Many tech stocks were way too overvalued in the early part of the year and even late last year. The correction in now upon us....some call it a bear....whatever it is, it always happens , and always will. The market will eventually turn up....it always has..because only the successful companies remain in the indexes...the real money is made by the retail investors able to understand, and keep their heads in the confusion. DFXI is a company that is benefitting directly by Greenspan. The low valuations of this great company are magnified and noticed. Hence the runup. Will it continue? If the company growth rate expands, then the multiple will expand too....just like the techs over the last 5 yrs. I have owned DFXI for a long time...but the NEXT few years will be the most rewarding. The main thing is to invest in companies that know their business, have great products AND GREAT MANAGEMENT, and the rest will take care of itself, whether interest rates go up, come down, or stay steady. All of the above is IMHO. ....good luck , ...Walt!