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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Joe Stocks who wrote (40630)	6/14/2002 9:48:16 AM
From: Beachside Bill	Respond to of 53068

Heck Joe, Give Dan a break. He has a right to his opinion like you. Just reading the posts over the weeks, you appear to get personal in your remarks instead of just explaining your side of the argument and leaving it that. Nothing more is needed than responding to points you disagree with.

To: Joe Stocks who wrote (40630)	6/14/2002 10:47:14 AM
From: DanZ	Read Replies (1) \| Respond to of 53068

Ok, Joe...so I'm acting like an idealist when it comes to charting. I am a realist when it comes to fundamentals. The realist in me says that stocks are too cheap and are being driven lower by margin puke, fear of bombings that might not come, fear of another Enron debacle, disgust with CEOs that use corporate resources to send personal art from one state to another to avoid paying taxes, disbelief that a CFO would commit suicide, blah blah blah. What does any of that have to do with a stock trading below cash value or another stock trading below the value of their assets or another company trading at the lowest relative valuation in years? Nothing, that's what. The market doesn't always focus on the right things in the short term. A realist would say buy stocks because of all the aforementioned reasons. An idealist would say don't buy stocks because they are in a downtrend, and HAVE to stay in a downtrend for at least one more wave so you can eke out another dime on a short position. The questions that BWAC asked you about your business are very relevant and your answers are not consistent with your opinions of stocks. Why would you not sell your business at a price that you know is below what it is worth just because nobody is willing to pay that price at this particular instant in time, whereas you are willing to sell a stock under the exact same conditions? The fact that you own 100% of the business, or even the majority of it shouldn't be a factor in whether you would sell at a ridiculously low price. People aren't willing to bid stocks up right now for whatever reason. I think it has more to do with fear than reality, and recognizing value despite what is happening in the market this particular second or minute is the mindset of a realist. People that had money during the Great Depression and bought property and businesses and whatnot for next to nothing when nobody wanted to buy, or could afford to buy, made a lot of money and left fortunes to their heirs. Were they nuts for recognizing value and buying things up when they were cheap, or were they realists that could see further down the road than what would happen later this afternoon? This is getting very redundant now. Sorry, I don't have any more time to discuss the same points over and over again. Let's move on to something else. Thanks, Dan