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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (14602)	10/7/2002 10:46:37 AM
From: ratan lal	Read Replies (2) \| Respond to of 17183

For those of you a little OLDER (I am 59) I will tell you about my early years in investing. Bought a stock for 30 a share in late 60's That was great when u were in your 20's. But at 59 do u have 30 more years to live??

To: JDN who wrote (14602)	10/7/2002 12:32:58 PM
From: John Koligman	Respond to of 17183

Hi JDN, I hear you. I started out in this game in college during the 1972-1974 bear, so I got a good dose of reality right off the bat. I'm in my 40's, and have been trading the markets for about 28 years. One thing I would add to your comments is that in the case of tech I think it is a little different than in other industries, simply because technology changes and if you happen to be caught in a tech issue affected by this, chances are it never comes back. I learned my lessons early, losing the equivalent of a house in 1970's dollars trading naked options when I started out, younger and dumber... Best regards, John

To: JDN who wrote (14602)	10/7/2002 7:12:57 PM
From: John Koligman	Read Replies (1) \| Respond to of 17183

JDN - One more point on this topic. Some weeks ago Mark Hulbert (The Hulbert Financial Digest) did an interesting column in the Sunday NY Times business section. He cited some stats on the 'Nifty Fifty' that you might find interesting. His premise was that if you bought a basket of nifty fifty issues at the end of 1972 (just before the collapse), you would have broken even by July 1980. From then on, you would have made ever more substantial profits as the market started it's great bull run. Of course, the key here is a 'basket', since many of the tech names in that group, like Polaroid and Xerox, have either lagged or gone bust... Best regards, John