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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: John Trader who wrote (45719)4/21/2001 6:25:05 PM
From: Cary Salsberg  Read Replies (2) | Respond to of 70976
 
I only invest in technology stocks; almost completely in Silicon Valley companies. I have lived in San Jose for 25 years. I have been using the internet since 1995 and have been a member of SI since late 95. I have been helped immensely by the ability the internat has given me to manage my investments including finding high rate CDs nationwide.

I don't want to sound too much like an elitist, but the internet promotes our ability to retrieve and exchange information and information has little value to those who can't make beneficial use of it. For this reason, previous technology advances in transportation, medical care, electric power distribution, and communications were more egalitarian in affording their benefits.

We are part of the class of people who are benefitting most from the internet and that probably distorts our view.



To: John Trader who wrote (45719)4/22/2001 3:07:26 AM
From: Jacob Snyder  Respond to of 70976
 
re: some entertainment value in that.......

Years ago, I went on a cross-country road trip, and my companions wanted to go to Las Vegas. So, we went to a few casinos, took in some shows. They loved it, I was bored. I didn't understand why anyone would enjoy gambling. It seemed pointless at best, a waste of time and money at worst. Why were people so excited? I didn't get it.

Last Friday, I bought some puts on NTAP, with the stock at 24, gambling the stock will return to 11, gambling it won't return to 152 (at least not before it first goes to 11, so I can sell my puts!). Now I get it.