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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (1277)	6/8/2000 4:41:00 PM
From: John Pitera	Respond to of 2850

A great post Tim, I myself had not even made it to Jr high yet,-g- but I've read plenty about the period and seen the charts, and also talked to people who were players back then. Peter Eliades first year of investing was 1968, he was in a fund that went up like 400%, the fund ultimately lost well over 90% of it's value and went out of business. I have seen lists from Eliades and the Longwave Net Forum that list the top 10 percent gainers for 1968. I believe every single stock eventually stopped trading and went out of business. 67-68 was jr high school for me but you can also pick the biotechs in 91/92 and the nets this spring (I don't think the majority of b2c's will come back to previous levels for quite some time) revenue and EARNINGS matter at some point. I was thinking of listing those periods as well -g- One of my problems is I've turned into a speculator. No longer an investor at this point (example - I sold DRMD last Friday just to roll into techs that have potential to gain 50% in a few weeks. DRMD is a value / investment play but I was too itchy). I beleive this condition is more the market than me ut an alcolohic never beleives he has a problem either). We may look back in a few years and realize that the entire market had many excesses and we have by no means corrected them. What most people don't have is the framework to view the stock market in terms of it's interrelationship with the long term cycle of expansion and contraction of credit in the economy. when we get into the downcycle, all types of credit, capital spending, consumption and savings changes occur. just look at Japan. John