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To: stockman_scott who wrote (9536)	10/26/2002 10:25:27 AM
From: im a survivor	Read Replies (1) \| Respond to of 13815

<<He thinks we have many of the ingredients of a new Bull -- I'm not totally sure about that. Yet, I remain cautiously optimistic about the long-term investing prospects. Right now its still a trader's market.>> I'm not too sure either, and wont believe it til it happens....but this much I think is true.....there are still alot of shorts that will have to cover if a sustained rally occurs....there is still alot of money on the sidelines.....most people are sticking with the plan and putting minthly in their 401ks....those that stopped, will want to start back, if it looks as though the bottom is in and final......also, eventually stocks just become too attractive to ignore.....how low do they go before people buy? 2 years ago if you had told people they could buy jdsu at $20, sunw at $20, csco at $30, extr at $20, NTAP at $20 and etc, etc.....EVERYBODY would have bought, at those prices....now, you can get jdsu and sunw for $2 and people wont buy....extr was in low $2's ( I bought, but many were probablt too scared to )...and etc, etc.....It's all mindset.....eventually mindset will change after the market shows it can hold it's own and get out of collapse mode.....when do people start buying again? Everybody will be different....some will wait and buy stocks higher after a confirmed bottom has been set and market is in a decidedly upward mode, and some will be buying the bottoms like me, selling some and holding some on the jumps back up....everybody has a different method and mindset, but I do believe, one day...maybe this year, next year or not for 15 years...but I do believe there will be folks that wished they bought extr at $2.20, ntap at $5, BEAS at $4 and etc, etc, etc.........This market still has some very overvalued companies, but also has some very nicelt valued companies doing very well in the marketplace, while most are floundering.....anyway, either the market goes to hell in and handbasket and we never recover, or we are far higher then today, years from now.....eacvh person just needs to figure what they believe and go from there...if you think the market is going to the potter and never coming back, cash out and bury your money in your backyard where it will be safer and stop worrying...if you think we survive, at some point, buy your favorites at low prices and wait it out......somewhere, sometime, somebody came up with the phrase......."Good Things Were Meant To Wait For".......great weekend to all....

To: stockman_scott who wrote (9536)	10/26/2002 11:20:31 AM
From: Sig	Read Replies (2) \| Respond to of 13815

Scott : In these unsettling times, I will reminiace here about the good old times when things were right about America. The year was 1957. After working with German scientists at Rocketdyne and 4 years at Northrop on the F-89 I was employed by the propulsion chief, Dr N.J.Beck, at Douglas Long Beach A.F division, as the Flight Test coordinator. .The advantage, other than being the best job I ever had, was a chance to fly on the company airplane each week to Santa Monica and EAFB to keep things moving and resulted in per diem pay which permitted me and my young wife to buy a new home in a tract. The cost was $11,400 and under GI bill, a down payment of only $400, with monthly payment of $89. To have a 20 x 22 garage built cost $400. Our youngest son was 3 and just learning to drink diluted coke from a bottle while flying a kite with the other hand. I had bought a new 1954 Ford for $2850 with all the trimmings, and besides had a 1937 Ford bought from a Rocketdyne employee for $35 because it had a stripped second gear. Roy, my wife's brother lived nearby and built a 16 ft boat so naturally I followed along and built a 12 ft Flying Fisherman from plans in a "How to build 20 boats" book. Then we all went water skiing in the Marine Stadium which had been constructed for an Olympics event. Also took the boat it to Catalina Island across 25 miles of ocean but only one time as I damn near sank when the engine failed. THERE WAS NO WORRY ABOUT THE STOCK MARKET, nor retirement as we knew about SS, and I had $10k of GI which accumulated value and would some day mature. We did have to be conservative, and sometimes still today, as engineers do not get paid all that much So we seldom ate out , went to hotels, or visited fancy restaurants. Barbequed in a Hibachi.Visited aircraft surplus yards to get aluminum or drills. I am not sure what makes life so ^*%$# complicated today, nor why so many young people believe they can become millionaires through stock investments. Maybe I do know, tho, and its all the talk, talk, talk, on financial channels that repeat stories of the few who did that- but not recently. Sig