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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (10523)	7/23/2002 12:16:56 PM
From: chomolungma	Respond to of 10921

Greed works on the downside as well as on the up, something everyone seems to forget. Exactly. And the key to your post is that it's greed, not some scholastic attempt to put value on stocks. Greed and fear are both powerful emotions. All humans possess them and few understand them enough to control them. We are just too close to "the jungle" in our evolution. The recent past has shown that markets tend toward the extremes. With all our education and history to learn from and with all the technology that puts information into the hands of the masses, we still haven't gotten any better at controlling our animal instincts.

To: Proud_Infidel who wrote (10523)	7/23/2002 1:14:21 PM
From: Kirk ©	Read Replies (2) \| Respond to of 10921

I think greed is at work now. Last night Maria was talking to Al Michaels, a sports caster who is "now" a smart investor who has done well shoring stocks. He must have picked the right time by luck to start shorting Amazon.con... as many lost their shirts shorting these on the way up... in fact, it was stupid shorts that drove the price up in a squeeze for many. Now I fear that the clueless will sell their stock near the bottom and "try to make up losses" by following the "smart sounding shorts"... who are just another version of the loud mouths at the top hyping the go-go tech stocks with 1000:1 price to sales ratios and negative earnings. The hard part is now where many have shot their wad and now wait for a better economy to make their buys that are now under water look smart. I sold some LRCX at $29 and more at $31 and bought some back at $20.. now it is under $14 and I am scared to buy more! I do hope someone rings a bell so I can buy with the last bit of cash I have... but experience says I'll end up with cash just short of where I wanted to buy but missed the absolute bottom. Want a yield stock? Take a look at HPQ... amazing! 2.71%! Kirk