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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (8690)	2/7/2003 3:27:32 PM
From: Bill Wexler	Read Replies (2) \| Respond to of 10293

BUYING PVN....BUYING ET.....INCREASING LONG POSITIONS IN AMAT, EMC and LOR(<-speculative!!)

To: Bill Wexler who wrote (8690)	2/7/2003 4:18:19 PM
From: Hank	Read Replies (2) \| Respond to of 10293

Bill, I hate to contradict you here but personally I am not ready to be too long anything, regardless of how "good a deal" it is. Sure, I have picked at stocks that I think are down trodden and will probably survive no matter what, especially if they pay an attractive dividend. However, I have the majority of my net worth in treasury notes and cash and will remain so until after this war nonsense plays out. The risk of an Iraq war going sour and spawning another devastating terror attack and/or severe disruption in our oil supply is too great now. This isn't your average bear market. A successful terror attack with mass casualties or sky rocketing oil prices followed by possible rationing would cripple this economy for years to come. So you miss a few points to the upside if I'm wrong. On the other hand, if I'm right then you'll have plenty of opportunities to buy bargains in the coming months. This isn't a mind game anymore. It's for real. Only the cautious may still be around to keep playing after the dust settles. Everybody else will be broke and unemployed. If you recall, I was right about the bear market a year or two back and it's severity. I'd be happy to be wrong this time. I don't panic easily but I know when to fold my hand and walk away from the card table.