Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (7787)	7/26/2006 10:49:15 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 219733

Thanks for the good suggestions TJ. Nearly all are very sensible and it was only a whisker [waiting for an appointment with a lawyer] which saw me fail to sell QCOM at the peak and then I refused to take less than $49. I like selling at peaks, not half way downs. I am more likely to buy now than sell. But the overall market still looks as though it could be softened up some more. The suggestion I disagree with especially is the oil comment. The cost of energy is nowhere near $70 a barrel equivalent in today's money, though that is the price. Oil's market share will erode and huge profits go to competitors until the battle is on for real and the economically viable survivors go on to the next "energy crisis", which is really only a financial mismanagement crisis - oil suppliers failing to keep their production levels right. Wars are a hindrance in that regard of course, so if I was Saddam, I probably wouldn't have done any better, though I'd have hired the UN to set up shop and helped them get a better constitution and used a lot of my oil sales to fund the New UN. But Saddam doesn't think like that. So maybe I would have done a LOT better. Am very able to maintain my cool thanks and I enjoy the feeling of slight perspiration without having to run up hill. Feet in a bucket of water is even easier than a bath, but I haven't had to do that yet. Though we have had a few trips to some really nice pools and rivers and the sea. I don't think oil price falling would necessarily mean big other problems. It would more likely just mean, as in the 1980s big price decline, oil getting its position secure again. I enjoyed the whole process and was deeply involved at the time. Mqurice