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To: John Graybill who wrote (76866)3/7/2001 6:38:52 PM
From: yard_man  Respond to of 436258
 
thing is: He hasn't been destroyed yet ... he may still be up a little, no?

At least his broker helped him out: LOL

>>But it makes matters worse that the margin loan was used to buy 500 shares of Sycamore Networks Inc., an idea that was presented to him last spring by Bradford Kimball, his Morgan Stanley Dean Witter broker. <<



To: John Graybill who wrote (76866)3/8/2001 1:27:24 PM
From: Cynic 2005  Respond to of 436258
 
Good points. I am trying to buy some life insurance. The other day I was at a financial planner to get some quotes. He was advising all his clients to stay the course - even though it is hurting them (including him) they do not want to sell in to a declining market. I asked him why he didn't sell in to a rising market. He admitted to 'gambling' instincts that prevented him from doing so.

While the coverage on one year anniversary of bubble peak (CNBS, WSJ and Market Place, marketplace.org) is troubling, I don't think that the decline is over yet.