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To: chic_hearne who wrote (89033)4/3/2001 1:50:57 AM
From: oldirtybastard  Read Replies (3) | Respond to of 436258
 
That's a great analogy, it's the only way I think of the market anymore and so far that's been a very profitable way to approach things, timing of entry points aside. I still maintain there is a great chance that Joe-can I return these empties for 30 cents?-Pack starts to think of the market this way and realize he has been had, that's when the real fun will start. This could dawn on a lot of people at once, groupthink or something

Another thing I have been thinking about is that all this crap about us being a "service economy" is really even more bad news for da bulls...I mean, where would you see a better example of malinvestment than people will make in their own education and career choices? Just like many 'dung companies, a lot was never meant to be. My former company, WCII, looks to be going bankrupt..I know several guys who sold their web design co. to WCII a few years ago and had about $2-3 mil on paper, with maybe half of that vested before the shit really started flying and all but one of those guys is now screwed, the one who sold early is kind of screwed too since he used the proceeds to buy other junk, but at least the other junk is still solvent. There's always room for more traders -g-

edit: BTW, I've been MIA the last 2 days, did I miss anything besides what reading fleck, prubear, and some of this board will tell me? Today was one of those great days for me where making no trades nor looking at prices and thinking about covering anything was the best thing to do, easy come easy go.