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To: Glenn D. Rudolph who wrote (104117)5/26/2000 12:29:00 PM
From: H James Morris  Read Replies (3) | Respond to of 164684
 
>Mark and others.
Glenn, I'm starting to question your reading skills!
Did you not read Sarmad and me talking about Mark just yesterday in a very complimentary manner?
This is not about Mark Fowler...never was.
And others! Who are the others you refer to?
>I see some of these people that did so well not only show no thanks to the contributors that did their DD daily, but are actually criticizing them.
Who are these people ??? Name me one. I can't find one!
The only people your referring to that have a conflict is simple EK,WH and me.
There's no one else on this thread creating sparks
Btw
My dad always told not to get involved in other peoples arguments...his advise was, just stand back,watch and laugh.
May I suggest you do the same?



To: Glenn D. Rudolph who wrote (104117)5/26/2000 1:16:00 PM
From: Eric Wells  Read Replies (2) | Respond to of 164684
 
I suggest some think about the fact they may only be fair weather friends.

Glenn - I certainly don't wish to get involved in the skirmishes that are currently going on on this thread (it's much more enjoyable to just sit back and watch).

I feel compelled, though, to add something here. I am in total agreement with Sarmad's assertion that some of the run-ups in new economy stock prices that the market has seen over the past two years had much more to do with momentum or "herd" investing, than with investing on any informed and objective analysis of business prospects. Because of my inclination to believe this, I stayed away from going long many of the new economy stocks. Yes, I admit, I did go long some stocks from time to time (I even bought AMZN once) - but if I add up my gains from being long these stocks, my returns are nothing to write home about (except for MSFT - although I don't really classify MSFT as a new economy stock).

While some on this thread have made a lot of money in new economy stocks, it's probably due to getting into a few key stocks very early. I have several friends that have lost a lot of money this year - from investing only in new economy stocks - and for those friends that have revealed the details of their losses, most have indicated that the losses this year have set them back one, two or three years (in one case, much more).

My experience, therefore, differs from that of those promoting new economy stocks - my experience has shown that investing in new economy stocks can result in wealth destruction.

And I must add something else here. There have been times that I have posted trades to this thread that involved shorting new economy stocks (I now try to refrain from posting my trades) - and I recall taking some heat for going short these stocks. I recall one time when I posted last summer that I had shorted ICGE at a post-split price of about 140 - and I was essentially told by one participant on this thread that I was crazy for such a trade. Crazy? Why? Because I failed to recognize the fundamentals of ICGE? Or crazy because I was trading on fundamentals? Regardless, I covered at a small loss - but with ICGE at 25 today, I sure wish I had held the position.

Thanks,
-Eric



To: Glenn D. Rudolph who wrote (104117)5/26/2000 9:06:00 PM
From: Jerry Van Derpool  Respond to of 164684
 
Glenn; That was a nice post.I am a retired fisherman and not nearly as smart as most of the people on this thread.I have been listening to William H.for about 2 years.Thanks to his posts I feel that Ihave been a much more successful investor than I would have been by using my own judgement.
I'm sure that there are a lot of people that feel the same way.It's a great thread.Thanks from a bunch of us William,if you see this post. I hope that the one or two jealous negative ones will crawl back under their rocks.