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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (8085)9/17/2001 7:59:07 PM
From: Tommaso  Respond to of 23153
 
Thanks for the considerate way of putting it. Yes, there was quite a bit of MAGS in our IRA accounts, which I was holding on its fundamentals, though also with the belief that its services would be needed. Along with the Canadian NQL Drilling, which I still think is excellent no matter what happens to the oilpatch, it was my only long golding that was not purely energy or precious metals. Actually, since NQL is tied to oil, I guess that makes it my only non-energy and not-pm long. Well, I did have a limit order in this morning for INVN, which I missed on, and Compudyne, which I got at about a 40% premium over the previous close.

I closed my Dow LEAP puts because of a feeling that I might get them back cheaper, but am staying wiht BEARX which finally did its thing today, being up 11%.

John Kenneth Galbraith said of 1929 in his book "The Great Crash" that one could contemplate it without feeling too bad about what happened to people because "all that was being lost was money." This time, it's not that way, and I am sincerely troubled and sad that what I meant as prudent precautions have eventuated in this way.

Even when you learn of fortunate escapes it's not very heartening. I found out on the Harvard website today that the head of litigation at Kidder, Peabody, whom I had taught as a student, was late for work on a top floor of the WTC and watched it collapse with his associates.