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

To: michael97123 who wrote (45742)	4/22/2001 10:44:46 AM
From: Cary Salsberg	Read Replies (3) \| Respond to of 70976

OT I will make this an economic post rather than a political one by stating that both Democrats and Republicans are equally at fault in our so-called "War on Drugs." The tragic murder of an innocent woman and her 7 month old child, prompts this post. I have never used drugs and I have never smoked. I drink little alcohol and no caffeine and very rarely take any over the counter medication. None of this comes from any religious, moral, or ethical conviction. I just try to do what I think will keep me healthy. We all come to investing with a pretty good understanding of market economics. In many instances we "know" the benefits of free markets and the detriments of government controlled markets. The "War on Drugs" should be an economic one. The government should produce and distribute drugs at a price so low that it is not economically viable for any other entity to be in the business. The "profits" from government distribution and any other monies necessary should be spent educating people away from drug use and caring for people who succumb. For those who are hooked, the cost of drugs should be so low that they don't need to commit any crime, including petty shoplifting, to support their habit. I believe this approach will be far less costly both in dollars and human lives destroyed, than the foreign military, domestic criminal justice system that is currently failing all of us and murdered Veronica Bowers and her daughter Charity.

To: michael97123 who wrote (45742)	4/22/2001 2:10:39 PM
From: kdavy	Respond to of 70976

I do have a more than a fulltime job and a very good one. I love my work, I am a professor and a scientist in Pharmaceutical Biotechnology. Trading is a side thing. But it sure takes care of my midlife crisis. The thrill and fun of the market keeeps me from getting in other troubles. I do not depend on stockmarket for a living and never use anything but play money in the market. I take a portion of my profit out of the market on a regular basis and put in boring stuff like money market and CD's. Even if I lose most of my money in the market, it will not change my life style. 1500 trades sounds a lot. I count buying and selling separate trades. Sometimes I will make 10-15 trades within and hour. Othertimes, I don't trade for weeks. For example, on December 29, 2000 I bought csco, lltc, mxim, intc, xlnx, amat, orcl and amgn in three batches each, that makes 24 trades. I sold these on Jan 5 again in three batches. That makes a total of 48 trades. This was while I was on vacation. My sacret rule is that It is ok not to make money in the market but it is not ok to lose money. Thanks for kind words and concern. kdavy