Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: muzosi who wrote (168080)	7/12/2002 10:21:13 PM
From: tcmay	Read Replies (1) \| Respond to of 186894

The badness of the collapse " "How much more blame could I have put on the public?" it is not you. i just wanted to repeat the idiocy we went through (this included me sometimes and i am not proud of that obviously) " I went throught the crash as well. I have essentially all of my Intel shares, most of which I accumulated 1974-86. When it went up to $30, I was happy, up to $40, I was giddy, up to $50, I was beginning to think about where the "TC May Institute for Aptical Foddering" should be located. And when it hit $60 and then $70, I was too numb to think straight. And then on the way down, when it dropped from $65 to $45 in one or two days in September, 2000, I just gulped and ignored it. And then as it dropped further, at each point I figured it was the bottom. I bought a small number of shares in the New Economy stocks. Some Akamai (now almost zero value), some Red Hat (as a hedge that Linux would do well against Windows), even some AMD at $21. All evaporated. But I balance these losses with the point that I certainly talked about the froth out there. Paul Engel, George C., even Amy J. and othes, can perhaps confirm my intense skepticism that "Commerce One" was worth more than Apple, that "Firepond" was worth more than AMD, that "VA Linux" had just made a friend of mine a 3/4 of a bilionaire for at least the opening day. Things are now collapsing. The good news is that I can survive quite comfortably with Intel at $10 (the equivalent of $80 three splits ago, as in 1998)....below that and it starts to get dicey. At about $6 I will start thinking about getting a job again, except that there won't be many jobs then! The bad news is that I know of dozens of people completly unemployed by the this crash, and with no prospects for employment. (The crash triggered more than just a collapse, but a complete situation of unemployment.) This collapse for the past two years is worse than the collapse I experienced in 1974. If it continues much longer, I expect the real estate bubble to burst as well. --Tim May