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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (147966)	9/24/2002 11:46:51 AM
From: GST	Read Replies (3) \| Respond to of 164684

Having a bad day Bill? What happened -- did you look at the prices of your stocks?

To: Bill Harmond who wrote (147966)	9/27/2002 2:11:51 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>Get lost. What a loser's comment. << What a loser's portfolio. Don't you think? siliconinvestor.com

To: Bill Harmond who wrote (147966)	9/28/2002 1:15:31 PM
From: H James Morris	Respond to of 164684

Warren Buffett Says Stk Mkt `Hallucination' Ending - BBC NEW YORK (Dow Jones)--Warren Buffett, one of the world's most widely followed investors, told a BBC News interview that the "mass hallucination" that gripped global stock markets during the technology boom is ending. The billionaire investor from Omaha, Neb., who chairs the investment holding company Berkshire Hathaway Inc. (BRKA), said, "We had a mass hallucination about four or five years ago and it spread to every place." Buffett said the markets were now more realistic compared with the stock market bubble seen a few years ago, when investors ignored commonsense and started "dreaming," BBC reported Friday on its Web site. Buffett said the hallucination led in part to the erosion of accounting standards that afflicted corporate America over the past few months. Saying that most of the froth of the tech-boom years had gone, Buffett said, "When you have a market value of $20 billion-$30 billion on a company that's just a glean in the eye of someone, I think hallucination fits the phenomenon." He went on to say, "Businesses were sold at somewhat crazy prices, but that's over with now and I think it'll stay over with for a while." Asked by BBC what prompted investors to act in such a way, Buffett said people "go mad in crowds - they lose their ability to see what's right in front of them." Buffett said he sees no solution to private investors who incurred sharp losses when markets collapsed. "Unfortunately, the people who got in a few years ago were paying bubble prices for securities and they weren't alone - the small investor and professional were doing the same thing...If you pay the wrong price for something, there's no cure - that's true if you're buying businesses, commodities, homes or anything else," Buffett said. Buffett added that the hallucination he described contributed toward the recent corporate scandals in the U.S., such as those that brought down Enron Corp. (ENRNQ) and WorldCom Inc. (WCOME). Buffett said he didn't see what effects a war with Iraq would have on markets or the U.S. economy, although he added that investors should avoid looking at short-term factors. He urged investors to look for value and invest for the long term: "In the end, if (people) buy good businesses at the right price, they will do wonderfully."