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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: bambs who wrote (58950)	4/13/2002 2:05:59 PM
From: Eric	Read Replies (2) \| Respond to of 77400

Well lets just say that for my almost 40 years of investing I've managed to survive pretty well. I have not been correct 100% of the time but fortunately the vast majority of the time my investment decisions have been profitable. You have made some good calls the last couple of years but lets see how your track record holds up over the next 40 years to get some comparisons. I hope your investments work for you as I do all others who try to make a living in the investment world. Cisco is not my only investment. I hope gold is not your only investment. My question to you is are you a young, new investor? Your brash statements strike me as coming from someone who is young and is new to this area. Hopefully you can enlighten us a little. I don't know if I'm talking to a 8 year old kid or not! (at times it sure sounds like it)

To: bambs who wrote (58950)	4/13/2002 8:09:30 PM
From: Tom D	Read Replies (1) \| Respond to of 77400

Bambs, why are you bullish on gold at this point? I asked you this question in February and never got a reply. Perhaps you overlooked it or were too busy. Message 17132791 I have been very impressed with your prescient calls. You were one of the factors in my decision to sell CSCO and almost all my tech stocks in October 2000 and switch over to institutional money managers with guidance from a financial planner. It was not as bold as a decision to move into gold. But your postings helped me made me go against the mainstream thinking and make a lot of money. Subject 52466 But while you may have been able to foresee that Bush would push through a massive tax cut that would screw up our long-term interest rates, and you correctly foresaw problems with overaggressive accounting, nobody could predict what happened on 9.11.01 and the problems in the Middle East and resultant concerns about OPEC. If we did not have 9/11 and the Middle East problems, your positions in gold might have been big losers. So...are you lucky or good, or both? Can you please explain your reasoning for continued bearishness, looking forward 6 to 12 to 18 months? Thanks, Tom D P.S. I really don't care how old or experienced you are. Just would like to understand the reasoning behind your investment decisions, especially your current position.

To: bambs who wrote (58950)	4/14/2002 9:31:02 PM
From: Victor Lazlo	Respond to of 77400

my sweet bambsies, you seek to create geometric, hyperbolic fear of that which does not exist... and if in your own mind, gold goes to $2000/oz, you will have won the battle of your head... and I will not argue that. And again, bambs, the archives show that I sold my CSCO at $68 in Aug, 2000. I made a triple on CSCo in quick time. Did you? Victor " The next question is obvious: Why shouldn't Iran, Libya, and Saudi Arabia, all angry at the United States for backing Israel, now join Iraq and use oil as a weapon to punish America? Joseph Stanislaw has an answer. ''The oil producers have learned that using oil as a weapon can be dangerous,'' said Stanislaw, president of Cambridge Energy Research Associates and a longtime observer of energy markets. The 1970s taught the oil countries that the rules of the marketplace apply to all commodities, including oil. Over a period of years, both producers and consumers of oil adjusted to the higher prices. On the supply side, new players - Mexico, Norway, Angola, Malaysia - pumped more oil and took market share away from the Arab producers. On the demand side, people found a way to cut back on their use of oil. They drove smaller cars, they insulated their homes, they burned more natural gas. In 1979 the Organization of Petroleum Exporting Countries pumped 31 million barrels of oil a day; by 1982 the same countries were pumping just 18 million barrels. In the mid-1980s the price of oil briefly flirted with $10 a barrel. The price of oil has since recovered but the economies of the oil producers never have. Some, like Iran, desperately need their oil money. Even wealthy producers like the Saudis have financial woes. Writing in The Wall Street Journal last week, two analysts from the Cato Institute put the matter bluntly. ''Without petrodollars the OPEC Arab countries return to camels and tents.'' Bottom line: The oil producers, even those most sympathetic to the Palestinians, are in no rush to join an oil embargo. Assuming such rationality prevails, the price of oil should stay within a reasonable range, say the experts. Here's hoping economics continues to trump politics and reason continues to trump emotion. " boston.com

To: bambs who wrote (58950)	4/14/2002 10:31:23 PM
From: Victor Lazlo	Respond to of 77400

Ever since April 1, when the Japs had to go solo on their bank deposits without their bank dep insurance, the so-called "security" of gold has betrayed them. The 'security' bottom has dropped. Badly. Why?