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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (35522)	9/16/2001 6:51:22 PM
From: Frederick Langford	Read Replies (3) \| Respond to of 37746

Buffett Says 'Won't Be Selling Anything' Sunday September 16, 6:09 pm Eastern Time WASHINGTON (Reuters) - U.S. billionaire investor Warren Buffett said on Sunday he will not sell any of his stocks when U.S. financial markets reopen on Monday, and in fact, if the markets fall significantly he may use it as a buying opportunity. The New York Stock Exchange is due to open after four days of closure brought about by last Tuesday's air attacks that leveled New York's World Trade Center and left the Pentagon building outside Washington, D.C., in flames. ``I won't be selling anything,'' Buffett told the CBS News program ``60 Minutes.'' ``If prices would fall significantly, there's some things I might buy.'' The influential investor said the country is no different economically than a week ago and as such it would be ``crazy'' to sell stocks. Buffett said his company, Berkshire Hathaway Inc. (NYSE:BRKa - news), which owns General Re, a reinsurer set to take a share of insurance losses arising from the destruction of the World Trade Center, is well-equipped to pay out ``more money than we've ever paid'' with respect to a catastrophe. Jack Welch, the recently retired chairman of General Electric Co. (NYSE:GE - news), also said on CBS he would ``probably just hold'' his stocks on Monday. biz.yahoo.com. Fred

To: velociraptor_ who wrote (35522)	9/16/2001 6:56:09 PM
From: Softechie	Read Replies (1) \| Respond to of 37746

20/20 hindsight: I picked a real bad time last 2 weeks to load up but who the hell knows they gonna take down WTC towers and make the market crash tomorrow. I could sell but still got some powder left to play the panic selling. I think I'll stay with what I've got QQQ GX LVLT XOXO MCLD ARBA NXTL. The telecom sector should do well in near future IMHO with internet and broadband infrastructure as the next wave for video conferencing and video-on-demand and HDTV. This is no-brainer: airline and insurance sectors will get a pounding.