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To: Earlie who wrote (196268)10/8/2002 5:02:08 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
back in FRE and doubled up at the 30 minutes before the close -- new lows in less than 1 week?? book profits and or go long? guess I haven't seen anything change here -- bit of a rally tomorrow and that should be it IMO ...



To: Earlie who wrote (196268)10/8/2002 5:29:35 PM
From: mishedlo  Read Replies (2) | Respond to of 436258
 
From GRUNCHY on the FOOL

against the explicit advice of some members of this message board, I had bought AMD shares on margin... and seen the values sink like never before! Mid-way through August I had brashly predicted that within 6 months time, we would regret not taking advantage of the opportunity to buy at below $10. $10 was my break-even point, at which I could liquidate my holding and have 0 gain. Since the meltdown of last week, not only has my gain gone far below 0, my equity is now below 0 and I had the interesting experience of having my brokerage leaving a phone message on my answering machine, that I had better respond to them by "tomorrow at noon, at the latest, or else." Fortunately, I was able to pay out my margin, but still, not a good situation. The share price now has to triple, in order for me to be able to "get out" without loss. At 10% compounded per year, which is the best I can reasonably expect from a well-run company, it will take me 11.5 years to make back my investment. That much, lost in just 1 month.