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To: im a survivor who wrote (8029)7/2/2002 7:52:54 AM
From: horsegirl48  Respond to of 13815
 
good for you than you will probally make money in the long haul, unless what u r buying turns into kmt, ene, wmcom....I myself have no desire to be in this market for the long haul, and even if I buy it will be for a short term rally, as I dont feel tht any rally can continue until we have this war thing settled. They have brought us to our knees and fear runs rampant. We cannot even have a holiday without extreme fear of another attack. I think Mr. Bin Ladin has accomplished what he set out to do, ruin us. IMHO



To: im a survivor who wrote (8029)7/4/2002 9:36:57 AM
From: AugustWest  Read Replies (1) | Respond to of 13815
 
....when naz was at 5300...a drop of 1400 points would have taken it to 3900....if we drop another 1400 points now....we are at zero.....

IMO, you can't compare things on a points basis. If you do it off a % basis, a 1400 drop from 5300 is about 25%.
So 25% haircut from 1400 would put the comp about 1050.
Would you still be buying all the way down.
Or more importantly, would you be able to hold your long positions down that far?

.....are ALL tech stocks going to zero......

You keep using this zero sum game. This is not a zero sum game unless you wake up to it one morning and there is nothing you can do about it.

.....if Naz hits 1000, which many think it will, I will be buying my favorites...if it continues to go down, I will continue to buy...

Is there no point before zero thatyou would throw in the towel?
Are you really that wealthy?

so when recovery happens, the ones that will make money will be the ones that bought low, stayed patient and stuck with their plan....

What do you consider low, On a valuation basis?

.....now if naz goes to zero, well, I am screwed...unless it comes back from zero <ggg>....I am not selling, and will buy as we drop.......


Personally I think if the comp loses 25% from here and you really are buying as you say, you will already be screwed, forget about zero
you won't have any money left to buy.

KG, I'm not meaning to pick on you
I just don't understand where you see such value here or for the last 1000+ points you have been buying the dip
I'd like it if you responded to me as I'm trying to figure out where you see such value.

And what you are using to base your recovery on and what justifications you may have to believe stocks are cheap.
Apparently you are of a minority, which can be a good thing, so long as the others who agree with you are really, really rich and willing to gamble.