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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (8006)	8/30/2001 3:06:58 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

"beauty pageant" works only in countries that are not corrupt.

To: Wyätt Gwyön who wrote (8006)	8/30/2001 4:37:31 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

< but instead, the govies got greedy and hired ivy league game-theory consultants to help them milk the carriers, who were in turn milking the easy capital markets (actually, they were banking on being able to milk the markets in the future--but the markets took the ball and went home).... > Agreed, but don't confuse that with "bad"... had just ONE player sat back and saved their cash they'd be buying these dopes now. This is undoubtedly what will happen in the long run under ANY auction system IMO. Besides... you think anyone is really going to boo hoo because the govt.s actually got the long end of the stick for once? DAK