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To: Eric Wells who wrote (110488)10/14/2000 4:25:03 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Thanks Eric: One of the best post on this thread ever. I agree entirely. I only wish I could agree with this last point you make:

"hopefully the pain of the recent 1700 point Nasdaq decline, and the sinking of stocks like AMZN, PCLN, CMGI, ICGE, DSCM, etc. has taught us all something."

Time will tell, but for some it is all like a bad dream - something that will reverse itself so people can get their money back. I think very little has been learned and I also think a stock market rally will erase what little has been learned -- until the next time. The next time, IMO, could happen at any time. So long as there are "Danny's" out there (no offense), there will be people putting money in the market in the belief that it cannot go down very far or for very long. Good luck.



To: Eric Wells who wrote (110488)10/14/2000 4:29:29 PM
From: Bob Kim  Read Replies (1) | Respond to of 164684
 
individual investors have relied on investment banking and brokerage firm analysts to do their "research" for them

Eric,

I think a lot of individual investors have relied on reporters' interpretation of analysts' research and because a reporter writes a story about it, it is assumed that the info is credible and accurate. The problem snowballs when other writers base their stories on a second-hand or third-hand sources and so on.



To: Eric Wells who wrote (110488)10/14/2000 5:20:30 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 164684
 
And hopefully the pain of the recent 1700 point Nasdaq decline, and the sinking of stocks like AMZN, PCLN, CMGI, ICGE, DSCM, etc. has taught us all something.

Wouldn't this be cancelled out by the rise in stocks like itwo, orcl, arba etc.?