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To: Venkie who wrote (2783)	7/5/2001 10:49:39 AM
From: im a survivor	Respond to of 13815

<<KG4 has a plan to buy good companies now and hold a while...not a bad idea...>> My reasoning for this is twofold : 1) I dont know when, but I do believe we will eventually see a recovery. Could be this year or next, or maybe not for 5 or 10 years, but IMO, I do believe that eventually, we recover 2) Solid companies we loved over $100 a share are now available for $1 - $30 a share......I feel very comfortable buying stocks such as ntap, jdsu, sunw and many others.....if they hit the $5 - $15 mark. I liked them at much higher valuations, so I like them better at lower valuations. Stocks seem to be the only thing people are afraid to buy when they are discounted. If NTAP hits the single digits, I will buy a bunch, and will not hesitate. 1000 share at $8 a pop is only $8k......less then a year ago, those same 1000 ntap shares would have been over $100k....and hopefully, sometime in the next ten years, we can see triple digits again on some of these quality companies......all it takes patience, the balls to buy when it looks the ugliest and luck, as there are no guarantee's that a recovery will take place. I look at it like this...if you believe we will not see a recovery, then you should be short, or more $$'s into some fixed income type investement. If you think a recovery will eventually happen, you should try and buy what you want, at the lowest prices you can get. Whats ironic is right now...take ntap for instance....people are scared to buy it at $10 - $15. Well, IF it runs....how many people will be clamouring to buy it at $40, or $50 or $60.....and if it hits triple digits....even if it takes ten years to do so...how many people will be pissed they bought it at $90, sold it on the way down, could have bought back for $10 - $12, but didn't, and now you have to pay $40, $50 or $60 a share to get it back, when it could have been had for $12 or less a share. Anyway, I have no idea what the market will do....I am simply trying to build positions in quality at low prices in the hope that a recovery eventually happens. Good luck to all Keith