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To: H James Morris who wrote (131705)9/21/2001 11:19:12 AM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
I shall fade away for awhile, i'm going to Australia for the winter. Chow!



To: H James Morris who wrote (131705)9/24/2001 12:29:44 PM
From: Paul Merriwether  Respond to of 164684
 
> Got stopped out of CHL at 25.
Worth a second look(imo). I bought it a couple days before the attack. Its now being seen as a "defensive" stock, and (imo) it has a lot of growth left in it. It has actually gone UP 10% since the attacks! It has to share the pie with CHU, but its a pretty huge pie!

> Be careful buying. While the fund managers have been asking for calm and pleading not to sell. They've been dumping

Not buying because of fund managers' comments or patriotism. Buying what I perceive to be good companies that are growing despite recession. Also, the companies that have the cash, as well as a buyback in place. Currently have GMST, SEBL and nibbled on INTC sub 20. I am prepared for another drop, and will buy a little more.

You know, I sold a lot of my holdings last year, when practically everyone I knew had become a millionaire(or something close to it). I couldn't take a dump at the local gym without listening to the guy next stall bragging to a buddy about getting financing of X-million dollars(for some armpit idea!)

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Message 13143876

Message 13135858

See, in March 2000, everyone thought that we were in a "new economy", everyone would be rich and wealthy and retire. So the logical thing was to make sure that _I_ remained rich, wealthy and retireworthy. That was why I sold, and only kept the shares that were part of my arbitrage strategy between GMST-TVGIA merger.
In Sep 2001, everyone is sure that we are ready to fall off a cliff. That life would suck for another 20 years(as people like "kissyputs" are espousing). Or US dollars would be funny money(Craig Crawford) etc. Altough . just in case, I have bought EURO with 20% of my money(just in case it keeps going up when people start using the currency in jan'02), and Aussie with 10%(because I think its linked to the commodities market, and also because it gives a somewhat better return on 1month time deposits). I don't think everyone would become poor, just like I didn't think that everyone could be rich. The govt. spending, the low interest, and the pent up demand would finally get us out of the recession. I will be happy to wait out the recession, and am also looking forward to a prolonged short squeeze that's inevitable and that's why I am stepping up to the plate.
PWM