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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (33393)	5/9/2003 7:09:37 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Jay, Re: You described the post correctly, having meant to or not. I got lucky. I had 50/50 chances. <g> ******* Re: trimmed back on Q at prices substantially higher than now. To believe PBS's Frontline, trimming back on American equities is going to be the healthiest thing any "retail" investor can do for the foreseeable future: pbs.org The take away message from this program, which aired last night, is that Wall Street has arrogantly failed to engage in the self-policing necessary to make the markets safe for individual investors, and has intimidated the governmental watchdogs, such as the SEC and the NY-Attorney General into meek acquiescence to outrageous arrogance on the part of very powerful and determined criminals like Citigroup's Sandy Weill. -Ray

To: TobagoJack who wrote (33393)	5/10/2003 12:26:28 AM
From: Maurice Winn	Respond to of 74559

Gidday Jay. <...when he trimmed back on Q at prices substantially higher than now> A few at $50 and then, later, heaps at $65. Not to mention a rapid ditching of Global Crossing when I realized you had no idea what you were doing [with that] and after a very brief gloating [it's important to enjoy gloating, but not to believe too strongly that the gloating will continue longer than a day]. Also, a ditching of a Tonka truck-load of Globalstar Senior Notes when I realized there was NOT going to be any resolution in bankruptcy or adoption of a sensible marketing plan before the money ran out. I ditched all debts, [having enjoyed a skin of the teeth plunge post 911 - did get a margin call, but escaped unscathed with a fortuitous bounce, thanks to the earlier Jay-inspired Planck-length panic]. Now, I'm locked, loaded, with sniper-scope full of targets. I have been waiting, waiting, waiting. As sure as day follows night, the sun will rise, interest rates will rise, Sars will retreat, Saddam, Osama, Omar and the Twin Towers will be relegated to history, Kim's nukes will decompose, the Dow will cruise through 16,000 [not by Feb 2002 by the look of it, even using a 4 year moving average, viewed from 2008]. When interest rates rise, to take the heat out of a boiling market and burgeoning global economy, it will be time to ditch money and buy beaten down stocks which will pour megamillions of dividends out of their bottom lines. It seems that will be some time yet - I have time to take a winter vacation. I had thought of visiting China, but I'm sarspecting that that's not a good idea this winter. Maybe I'll go to Oz and inspect the wonderful Globalstar facilities and chat with the happy customers. Mqurice