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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (31113)	8/2/2000 8:22:03 PM
From: Paullie	Read Replies (2) \| Respond to of 57584

LPTH rumors on Yahoo board. Don't like to spread rumors usually, but I want to make sure you guys know about these rumors. Basically, the rumor is anything from a meeting of LPTH and JDSU yesterday to a contract announcement with JDSU. I currently hold no position in LPTH. Here is a question. I think market will still go down, but I also have a "gut feeling" that LPTH will be announcing something good soon. What are your thoughts? Buy LPTH and hope for good news in bad market or wait out for market downturn? Thanks Paullie

To: Rande Is who wrote (31113)	8/3/2000 1:57:31 AM
From: Mark Konrad	Read Replies (1) \| Respond to of 57584

Sympathy for the Devils (Anal-ysts) or We're All Bozos (Anal-ysts) on This Bus or Charlie Don't Short (apologies to the Rolling Stones, Firesign Theater, and Francis Ford Coppola): Rande, there are at least 100 stocks I want to own, and would recommend to others, on my trek towards financial freedom. Analysts see these same 100 plus 100's more. Good companies in high-growth industries with competent management. So what makes 4 brokerage houses tell the public that JNIC (for example only) is a "strong buy" at $60 with a target of $100-$150 or that LPTH at $48 was a "double your money" pick when both were overbought at those levels? Stupidity? Manipulation? The answer could be much simpler: we're playing with our own money here, not someone else's. We don't make commissions and we don't have public personas or trading floor bosses or all the media ego competitions. That's a big advantage! We can say we goofed or "stepped on a landmine" and only our judgment on that issue is called into question. Not our integrity, honesty or reputations at work. We don't say "sell." We say "take profits" or "profit often" on overbought stocks even if they're terrific companies (and then buy them back at lower prices!). At worst we "exit with a loss" and there's no shame in that. I value analysts for the substance (if any) of their arguments and not their actual recommendations. I've lost too much money and missed too many opportunities in years past following the Wallstreeters. I think I'm as qualified a "Bonehead" as any of them. I like the collective brains of this forum, charts that don't and can't lie, and my own judgment. Works much better. Regards to all, Mark