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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (6416)	4/13/2001 4:04:22 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

interactive.wsj.com

To: Bill Harmond who wrote (6416)	4/13/2001 7:24:59 PM
From: Libbyt	Read Replies (1) \| Respond to of 57684

An interesting post from another board. I usually don't read this board....so I 'm not sure which post lead to my reading this message. I agree with the comments, especially this remark: Message 15659230 "Once you have a significant number of people playing the short side of the market the ability to make money disappears, it becomes a game of musical chairs or chicken where everyone is looking at everyone else to see who will cover first. The rally of the last few days smelled a lot like amateur shorts being burned. Short and hold has become a sure thing in this decline. Anything that is a sure thing is a sure thing to go away, at least temporarily. You might be able to convince a lot of longs to hold to zero with some misplaced fundamental conviction, but shorts aren't going to hold when their positions move against them significantly....unless they are very young, naive and lucky." I have had exactly the same thoughts, especially the thought that being short has become too much of a "sure thing" and too easy during the last year. (just as being long in most technology stocks in 1999 was a "sure thing"). I finally made a change in my account so I that I would have the ability to short....and that is quite a statement! A statement of my personal capitulation point. Not that I no longer believed in technology related companies, but that IMO the "market view" was so negative towards any company that was a growth stock, or a technology related company that few seem to be able to "understand" their potential for unlimited growth. I have mentioned this in the past, but I have dealt with a stock broker who doesn't use email. He doesn't have a computer at home, and he doesn't want one. How can someone like this possibly understand some of the new technology companies that weren't in existence 5 years ago? As an investor five years ago in an ISP, I can now personally understand some of the issues that are involved in setting up such a service....and the need for "Internet traffic management". I have seen amazing changes in this ISP in the last five years, and all of the changes and adjustments seem to be an ongoing process. Maybe some of the analysts and those who doubt various new technology companies lack personal involvement, experience and the knowledge needed to truly understand these companies and IMO their unlimited potential growth. My computer skills and knowledge are most likely very insignificant when compared to others who post here on SI...but IMO my computer knowledge, skills and experience help me to understand some of the technology related growth companies.