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To: jmac who wrote (67946)3/16/2001 10:43:10 AM
From: Rich1  Read Replies (1) | Respond to of 93625
 
Well I am 54 so I have about 10 years to get back I am down about 70 percent from the high..<g>
This too shall come to pass..
Bought some April 30's(calls) for 2.00 today..
Still holding 10 contracts(March 30 puts) that expire today.
You want to look at a couple strong stocks that have held well look at ELNK(just broke a Triple top yesterday) AVNT, and LLL..
Will surely be leaders when this thing turns..



To: jmac who wrote (67946)3/16/2001 11:16:32 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 93625
 
>>We're living through a NASDAQ depression<<

jmac, nope. we're living through the guaranteed consequences of a bubble. i've argued for several years that there has NEVER been a bubble that ended well. in all of human history.

btw, naz stocks are still double or triple *average* historical valuations.

IF the pendulum swings BOTH ways - and it normally does eventually - this biggest of all historical bubbles will bring the biggest of all busts.

simple cause and effect.

i hope it doesn't happen. i just hate betting against 100% odds in human history (for a bad ending) and i feel uncomfortable betting against "the size of the bust is in direct proportion to the size of the bubble."

we may escape the latter. i hope we do.

however, to call double and triple normal historical norms a "depression" just isn't accurate.