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To: GraceZ who wrote (78414)3/10/2001 4:49:11 PM
From: Roads End  Respond to of 436258
 
Nice picture. When this is over there will be a lot of people putting their broker's recommendations on ignore. Analysts should already be there.



To: GraceZ who wrote (78414)3/10/2001 5:39:04 PM
From: Frank Ellis Morris  Read Replies (2) | Respond to of 436258
 
"buy one share of Berkshire Hathaway. It was trading at 2800 and I only had 3000 in the account. She
thought it wouldn't be a good idea to put all my eggs in one basket. The rest is history"

Grace, I think gazing back over the past several months I have a story that is disappointing too. Last year I recall looking at the stock of Philip Morris. It was trading at 19 and yielding a little over 10%. I thought if I sell all these high priced tech stocks and put it into this company, I would get a nice dividend. Every one I discussed this with thought I was crazy for wanting anything to do with tobacco investments since there was so much bad press and a flood of litigation The Clintong administration tried to bury that company.. I was advised by countless pundits and savy investors to stay fully invested in techs. Yes, greed was all too present and like so many others riding the bubble I did not see the collapse coming. The set back was a normal thing for techs and I felt it would pass in a few weeks or a few short months. I did not want to jump ship only to loose out on the prospects of a snap back. After after all this carnage and destruction we may look at this a year from now and many may regret not taking the opportunity now to buy all the battered down tech stocks on sale at the flea market. Life goes on and we need to stop beating ourselves up for mistakes or regrets. Things will be better for you. Be happy for all the good things that you enjoy in your life.

Best Regards
Frank: