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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (18933)	2/9/2001 11:56:06 PM
From: rx4pain	Read Replies (1) \| Respond to of 19374

Freeus, All stocks aren't on their way to zero. They're just moving towards "fair market value" for this given instant in time. I just hope I'm still around long enough to see them move back up to or past what they were yesterday... Rx PS: You can't go back. And you'll only drive yourself nuts looking back. Learn from history. The most impressive businessmen I've ever met told me, "I never look back, I only look forward...".

To: freeus who wrote (18933)	2/10/2001 2:54:25 AM
From: DOUG H	Read Replies (1) \| Respond to of 19374

Are all stocks now on their way to zero? freeus, I believe the market is in the process of distributing the wealth. Money is flowing into different stocks. I recall in 99' & 00' many value managers banging their heads on the desk, not being able to understand why they owned stock in companies that had been in business for decades, had lots of cash on hand, sold for 5-10X trailing earnings, growing 20-30% Y/O for years, and the stocks going NOWHERE!! While the market drove some of these tech outfits 1 yr old, doing bi-annual secondaries to raise cash, selling for 1000X SALES!!! I'm looking at new names, industries, and very interested in preserving capital.