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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: debby who wrote (7694)	1/5/2001 8:58:14 AM
From: Mike M	Respond to of 10293

debby, that COVD is a dog. Get it from the pound?

To: debby who wrote (7694)	1/5/2001 9:13:17 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 10293

I'm only following COVD right now. I made a lot of money on it on the way up and was fortunate enough to get out before it collapsed completely, now I am back in as a contrarian play on DSL. The jury is still out - I consider it speculative. I don't have an opinion on the rest. I wouldn't beat yourself up over being the "worst stockpicker". I lost money, and just about everyone I know has lost money in this bear market...significant money.

To: debby who wrote (7694)	1/6/2001 1:18:30 PM
From: Cautious_Optimist	Read Replies (1) \| Respond to of 10293

Debby, Economic cycles are facts-of-life. It's a truism that the masses (the last ones on the inverted pyramid, the retail investor, etc) generally sell low and buy high. We are all somewhat unconsciously motivated by this group psychology. One has to hold on when the collective pain is high. In my case SUNW has taken me from the penthouse to the woodshed for now. The sun (the one at the center of our solar system) will shine on tech again someday, maybe next month or next year, I don't know. When it happens we will all beat the crap out of ourselves for not buying the incredible bargains at the lows. In DSL and CLECs generally, the top companies will survive to win new battles or be swallowed by the deregulated monopolies, at more historic valuations (just not momo bubble values!) At a point in this cycle being the contrarian will create a new class of wealth, but by definition you won't know that moment of ultimate pain happened until the opportunity is gone. If you are interested in speculative strategies, you have to tolerate the pain. IMO