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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (6108)	2/10/2002 6:10:11 PM
From: Sig	Respond to of 13815

I often buy "Lay's" potato chips Maybe I should change brands. The story as I heard it: When a 100 year old man was asked how managed to live so long, his answer was he always ate some peanut butter at night My interpretation of the story. The man was 58 and had lost all his teeth and he only appeared to be over 100.He hated peanut butter but a commodities broker paid him $10 to tell the story. Sig

To: Jim Willie CB who wrote (6108)	2/10/2002 6:42:02 PM
From: Sig	Read Replies (4) \| Respond to of 13815

<<<I agree with Big Bo (aka NeoRush) about 20's upcoming>>> Very good- Neo Rush. Qcom is trash, patents only worth what people will pay, becoming less valuable as time passes.Was glad to see the man who invented intermittent wipers win his suit against the car companies. I think it was the year before( or was it the year after?) he died. IMO the good Doctor was mislead by financial advisors who said what he liked to hear - that the patents were very valuable . Cant say they were wrong, was good for original insiders- but now must be more practical. Gold? I bought some gold pieces 36 years ago - a bargain at $640 /oz. Still waiting for the big crash when they will appreciate. However I was able to swap one for a 1970 Cadillac (my first and last) and one for a 1972 Mercedes which I repaired , drove for 3 years, and then sold for $3200. Which put me into the business hobby of fixing and selling old MBZ's. I still have 3 of those left- one blue, one white,one grey-but only two gold pieces.. . Conclusion: Its better to put the $300 into house paint, a hobby, or energy-saving insulation than a gold piece. Regards Sig

To: Jim Willie CB who wrote (6108)	2/11/2002 7:40:18 AM
From: im a survivor	Respond to of 13815

<<a kruggerand for your thoughts, Jim >> Jim, I would hope if your thoughts are indeed as you have been expressing them, I hope your money is where your mouth is and you are 100% short the naz...especially qcom, since you feel it will be at least in the low $20's or less......that would be a 100% gain if you shorted now and got low $20's......Me, I'm just gonna sit tight and hope we dont pull a japan.....buy the dips, sell some into rallies and hold some for the longer term. Incidenatly, I notice you posting here quite a bit all of a sudden.....are you no longer posting on the Porch? If so, whats the discussion over there......I havent read the posts in quite while....is the porch now a bearish hangout of former longs ?... This is a good board and your perferctly welcome to post all you want. We have a good group of people here that are all respectful of one another, regardless of opinions and positions. Gregs only rule is "be civil"...... So, I assume your short naz, heavy on gold and you see things getting alot worse before they get better......not a bad analysis maybe, but it sure would have been better to hear what your saying now, 2 years ago<ggg>, rather then now.....two years ago, you were calling jdsu a screaming buy if it hit $70 after breaking $100......how bout giving us some advice, before things actually happen...and we all can get rich <ggg>.....your very pessimistic current view is not new news on the block....many are calling for a rebound, many are laughing and saying things havent even begun to get bad yet......somebody will be right when it's all said and done......so where is your money parked these days......short naz, long gold? TIA.....and welcome to the board....whats been going on at the porch?

To: Jim Willie CB who wrote (6108)	2/11/2002 8:43:46 AM
From: pinhi	Read Replies (1) \| Respond to of 13815

Hi Jimmy, In answer to your question, in a wood, no. I don't see the likelihood of sustained Hyper-inflation of the 1970's and that's what you'd have to have for hard assets to really do well. Remember, that was an extremely unusual period of time and those types of spikes are rare. I think a lot of people have this mind set that we must for some reason go back to those days. Kinda like Grandpa always said " the Depression is coming back for sure and soon". Heck there's over capacity almost everywhere and no corporate pricing power other than in maybe services. So from a fundamental view point I don't think a big run up could be sustained. From a TA standpoint may be a different matter. With that said, I think there could be events in the middle east coupled with more cataclismic terrorist events that could make gold run to say, $400 an once, but the run we had decades ago to $800 will not be repeated, IMHO. Remember, gold just sits there. It's strictly governed by supply and demand. Unlike a corporation, it has no cash flow or earnings. BWDIK, just look at my account over the last two years, Your Bro, Pinhi