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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (23244)	9/9/2002 5:33:38 AM
From: Maurice Winn	Respond to of 74559

<I believe the reasonable operative word is "had" as opposed to "have". Now we have -90%s. We must learn to adjust our expectations downward.> Jay, this is such fun. Complete confusion among past, present and future. I think 'had' applies to 100 baggers and -90%s. Now we have things exactly where they are. Our expectations needed to be adjusted downwards two years ago and mine were already engaged in down mode at that time. However, not to the extent as was actually required [I'd envisaged QUALCOMM bottoming out at $50, not $20 and while I figured Globalstar could go to zero, I didn't really imagine they'd totally mismanage the marketing]. Thanks to some conversations here and my own ponderings, I decided to do a bonus expectation downward revision at an early date, just in case. Fortunately too! So, should we just go on adjusting downwards and downwards and downwards? Heck, we can't get the market past zero and even making it to zero will be an all-time world record. Since human extinction doesn't seem likely, no matter what, somewhere between zero and here seems more likely to be the bottom. My expectations have still got some downward in them [hence I'm waiting to be a noble hero and buy when nearly everyone else really, really doesn't want to buy]. Stockmarkets will still have 10 baggers and 100 baggers! Fewer and farther apart, but they're there. Mqurice