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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (33698)	3/15/2001 10:28:28 PM
From: Voltaire	Read Replies (4) \| Respond to of 65232

Thanks big D, but I must have someone to sue, surely to God there is someone responsible for my debacle. You know damn well this is not fair. I chose to put my money in the market but that is beside the point. I was always raised with the idea that if I made a mistake there would always be someone to blame and make it up to me. I would sue Greenspan but hell he'll probably be pushing up Daises before we get through all the appeals. Keith would be a good target but hell, he is too ggod at convincing people that I am the one in the wrong and again that is just not fair. Ed wouldn't be a bad target but most know we don't agree on a few things and besides he is mostly right and the Judge would just want to know why I didn't follow him, so that wouldn't work. Oh well, give me a couple of days reading the Critical thread and I'll get better at this new kind of game. V

To: Venkie who wrote (33698)	3/15/2001 11:58:56 PM
From: stockman_scott	Respond to of 65232

<<We must learn from our mistakes and start building our house back 1 brick at a time..It's all a gift anyway.>> So true...So true... Great advice Donnie....I told my relatives when they were concerned about the market to take time out...#1 count your blessings...#2 be realistic but focus on the positive...#3 think long term. My father shouldn't be worrying --> he has worked very hard over the years and has two very good money managers assisting him. One of the money managers (from a Value-oriented Investment firm in Chicago) was up over 30% last year....the other at Morgan Stanley was too exposed to techs and took a hit last year (like most of us on this thread)....Yet, my parents have always diversified and have a large position in a great growth firm from Kalamazoo, MI where I grew up --> the company is Stryker Corporation (SYK) -- this medical products firm has FANTASTIC management and very consistent results. SYK never ran up like ARBA but it sure has held up quite well in this turbulent marketplace. Too bad the relatives didn't have more cash in this stock. They have held onto most of their positions in firms like CSCO, DELL, MSFT, ORCL, etc....They tend to have a MUCH longer time horizon than I have with investments....I have recommended that they start buying selective tech stocks this week but they want to wait. I have been hit much harder than most of my relatives. Yet, I was totally into tech, didn't take profits when I should have, failed to diversify enough, etc....Oh well, nothing like learning a few expensive lessons early on in life <G>.....Overall, I have to count my blessings...its relationships that are MOST important in this world. I have learned a lot in the last few years and I still have MUCH more to learn....I will rebuild my investment account. It may take time BUT I'm commited to doing it. Thanks for sharing...=) Best Regards, Scott