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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (6515)4/29/2001 8:08:48 PM
From: LTK007  Respond to of 52237
 
Buffet attacks WallStreet ,basically it translates into calling WS a flim-flam mecca.From Reuters wire service today

<<One Berkshire shareholder thanked Buffett at the meeting for avoiding technology stocks, marking a reverse from last year's meeting, when some questioned Buffett's anti-tech stance, as Berkshire's returns fell way behind the soaring Nasdaq.

Since then, Berkshire's stock has climbed, while many high-flying technology stocks have lost more than 90 percent of their value.

Buffett defended his position by saying very few internet-based firms will generate any real wealth over the long term -- beyond the instant riches nabbed by promoters and Wall Street.

Many new tech firms simply "monetized the hopes and dreams of millions of people," said Buffett, as they raised huge amounts of cash from the stock market. "Lots of money was transferred from the gullible to the promoters," he said, as investors chased after "easy money".

Wall Street was the main benefactor of this "huge trap", said Buffett. "Not by great performance, but by great promotion".

Buffett attacked a conspiracy between companies, their consultants and Wall Street analysts in manufacturing earnings to suit unreal growth expectations, particularly in 'new economy' firms, charging that some current accounting practices were deceptive.
"A lot of companies don't want to account for expenses," he said.>> end quote siliconinvestor.com



To: dennis michael patterson who wrote (6515)4/30/2001 12:21:49 AM
From: Lee Lichterman III  Respond to of 52237
 
*OT* I always want pictures for ideas about finishing the ends etc but I would be willing to bet you went with a standard rectangle which is where I am having problems. Ours will be Octangular and trying to get the posts to be uniform coming off an L shaped house is what is making things tough.

I think I figured it out but have to go to HD to see what type of angles I can get in the post brackets. Otherwise I will have to shave and notch the corners of the posts.

Would love to see pictures as I said. I haven't had time to read your other e-mail yet. I will get to it later and write you back from work tomorrow but thanks in advance.

Good Luck,

Lee