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To: Shack who wrote (40366)5/28/2002 12:16:35 AM
From: NOW  Read Replies (1) | Respond to of 209892
 
Have a look at HAL if you have a moment: looks nearly cooked...



To: Shack who wrote (40366)5/28/2002 12:24:20 AM
From: NOW  Respond to of 209892
 
any good count here :
stockcharts.com[m,a]daclyyay[df][pc20!b200][vc60][iUh14,3!Lc20]&pref=G



To: Shack who wrote (40366)5/28/2002 12:49:59 AM
From: GraceZ  Read Replies (2) | Respond to of 209892
 
I know you are saying this as a joke. You couldn't possibly believe that the money lost in the market in the last two years was all borrowed. Especially considering the market had been in an almost uninterrrupted bull since 1982 with the indices gaining 20-25% some years. People had and still have enormous investment gains.

I was just going over a portfolio that some friends inherited. Some of the stocks were owned continuously for over fifteen-twenty years. The cost basis on most of the shares is now in the under dollar range for stocks selling in the 25-60 dollar range. These were held through the last two years because the estate was in probate that long. This port is one that no one had to look under a rock to own, its standard little old lady fare if you have conservative management. One stock is down 90% but the largest position is up 90% and when you average all of them together they are maybe off 15-20% off the peak in April 2000 before you count the dividends which amount to about a 3% yield. We're talking 50 grand turned into 2.5-3 million over 25 years. It doesn't sound like a lot when you are talking the kind of dough traders are always bragging about, but this was a little old lady who never actively managed anything, just had the guys at the brokerage do it for her.

The sad secret everyone who works in the business knows but nobody ever tells traders is that traders make a lot of money and then they lose it all. Its little old ladies who die rich.