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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: Scrapps who wrote (8851)11/8/1997 12:18:00 AM
From: David Lawrence  Read Replies (3) | Respond to of 22053
 
WEIRDNUZ.504 (News of the Weird, October 3, 1997) by Chuck Shepherd

LEAD STORIES

* In September, a judge in Santa Monica, Calif., ruled that test-tube baby Jaycee Louise Buzzanca, 2, has no legal parents. She is the result of donor sperm fertilizing a donor egg in the womb of a surrogate mother. The judge said John and Luanne Buzzanca are "parents" only by surrogacy contract, and since they divorced before Jaycee's birth, those rights were lost (though John was happy with the decision because it saves him $386 a month in child support).

* Protestant minister Hans Visser announced in August that he had lined up doctors, social workers, and drug dealers to begin a social program of supplying heroin at discount to hopeless addicts in Rotterdam, Netherlands, to help keep them away from crime and life-threatening cheap drugs. Said Visser, "I expect I will [soon] be having a chat with justice officials."

* Letter carrier Martha Cherry, 49, was fired by the Postal Service in White Plains, N. Y., in August after 18 years of apparently walking her rounds too slowly (66 paces per minute, with a stride of less than one foot). Wrote a supervisor, of the 5-foot-4 Cherry: "At each step, the heel of your leading foot did not pass the toe of the trailing foot by more than one inch. As a result, you required 13 minutes longer than your demonstrated ability to deliver mail to this section of your route." Cherry has appealed to those on her route to help save her job.

They're probably railroading her because she's showing up all the other postal workers.

THE ENTREPRENEURIAL SPIRIT

* The New York Times reported in August that more than a third of all bottled water sold in the U.S. is merely filtered tap water and that several cities soon will put their municipal water on store shelves. "What comes out of the tap is truly excellent water," said the public works director of Houston, Tex. Wrote the Times, "Thus, the marketing plans dare consumers to pay as much as $1 or more for a quart of water in a bottle that could be drawn from their own taps and placed in a refrigerator for less than 1/10 of a cent." (The Times reporter, tasting Houston's water, wrote, apparently without irony: "Bold, full-bodied, provocative.")

Truly excellent water? Riiiiiiight. Like I said, make mine an Evian.

* In August, Bausch & Lomb Inc. agreed to pay $1.7 million to settle a multi-state investigation in which attorneys general accused it of fraud. According to the states, the company sold the very same disposable contact lenses under three different model names, purporting to have different characteristics, for prices varying from $2.50 to $23 a pair. Said a New York investigator, "The lenses are the exact same physically--the only difference was their instructions for use."

That's free enterprise. One man's garbage......

* Quorum International Ltd. announced plans in July for a $1.6 billion Holy Land theme park in Mesquite, Nev., along Interstate 15 about 75 miles from Las Vegas, including a 33-story statue of Jesus and large models of Noah's Ark and the parting of the Red Sea.

I would just put it all on red.

*The Lundarelli family in Udine, Italy, said in July that it would not bow to pressure and would thus leave its Fuehrer wine on the market (joining its Guevara, Lenin, and Marx brands). Fuehrer's label has a photo of Adolf Hitler and comes in two varieties, Zieg Heil and Ein Volk, Ein Reich, Ein Fuehrer ("One People, One Empire, One Ruler"). And in June the Liquor Control Board of Ontario cleared local shelves of a smuggled Chinese wine that purportedly enhances libido. Three-Penis Wine (deer, dolphin, and dog) has such foul ingredients that authorities wouldn't even dump it in sewers.

Reminds me of a joke..

Two immigrants arrived in America. On their first day off the boat in New York City, they spied a hot dog vendor in the street. "Do they eat dogs in America?" one asked the other.

"I dunno."

"Well, we're going to live here, so we might as well learn to do as they do." So they each bought a hot dog wrapped up in wax paper and sat down to eat them on a nearby park bench. One immigrant looked inside his wax paper, frowned, then looked over at the other and asked, "What part did you get?"


* The Economist magazine, reporting in April on how Cuba's economy has driven professionals into the retail market, wrote of Norberto, a Moscow-trained engineer who sells pork sandwiches from a stand in front of his home. Norberto's higher-earning job, however, is to illegally show bootleg porno tapes smuggled in from Miami to farmers in the countryside on his VCR, powered by a car battery. According to The Economist, "From miles around they come, on horseback, with their wives and girlfriends, to see Norberto's blue movies. He charges five pesos a head. When, at the end, they all clamor to see it again, he charges another five."

Guess they're bored of watching the animals.

* In August, Cornish & Carey realtors, with offices in California's Silicon Valley, added a bridal registry to the services it offers, even though the area has the highest median house prices in the country. Said the company president, "It's something for the generous gift giver." And the QVC network's new "Extreme Shopping" show debuted in September offering mansions for sale to call-in TV viewers. First up was the home of Engelbert Humperdink, offered for $3.95 million.

THE WEIRDO-AMERICAN COMMUNITY

* Well-to-do Frederick, Md., plastic surgeon Lorin F. Busselberg, 54, slumped rapidly after a 1995 divorce ended his 20-year marriage. He has been jailed since May for failing to pay $25,000 in child support, and according to a July Washington Post story, he now denies ever being married to the wife, and in fact constantly corrects officials that he is a different man, "Lorin Fred Busselberg." His employees quietly shut down his office after he failed to contact them from jail, and he told a judge in July that he had sold the practice for a million yen to a Japanese man, but no record exists of the sale.

* In August, a judge in Morris County, N. J., ordered Joseph Petracca, 61, to shut down his unlicensed Riverdale "kennel," in which he housed the 100 German shepherds to which he admitted he had become "addicted." The court order will probably end Petracca's work of trying to breed the "perfect dog." Said the judge, "When you are addicted to dogs, alcohol, or drugs, you seek treatment."

* In Topeka, Kan., in August, a radical-patriot "common-law jury," permitted by state officials to convene in a room in the Capitol, impeached U.S. District Judge J. Thomas Marten of Wichita. Among his "crimes": By jailing a couple for nonpayment of taxes, he was guilty of kidnapping; he enforced land-regulation laws when everyone knows that land-owning is a God-given right; he defended IRS, which the jury believed is an "off-shore entity" and a racketeering conspiracy; he issued court documents that did not contain a "seal"; he issued some orders as "Thomas Marten," without the "J."; he did not have a flag in his courtroom; and he allowed a clerk to make people sign documents in the middle of the signature line rather than flush left.

The final straw was when they discovered his gavel was corked.

FEUDS

* Ever since last year's court decision in Ontario permitting women to go shirtless (as long as not for sexual or commercial purposes), critics have been waiting for social turmoil. In one of the few reported incidents, former best friends Heather Genereaux, 24, and Jennifer Fitzgibbon, 23, brawled in Kingston in June when
Fitzgibbon decided to sunbathe topless in her back yard, in view of Genereaux's 10-year-old son. Genereaux suffered a black eye; Fitzgibbon lost her bikini bottom.

* In the summer, in the midst of the training-instructor sex scandals, a pair of two-star generals at the Pentagon headed a quiet attempt to quash a major jurisdictional battle. Military commissaries (which sell mostly food) started to sell flowers for gardens, and post or base exchanges (department stores), which thought they had the exclusive right to sell bedding flowers, upped their sales of food items. "This is war," said one official who was sympathetic to the exchanges.

I'd say the folks are definitely overdue for a war.

* In August, on Interstate 40 in Winston-Salem, N. C., Shakeitha Hardee, 17 and five months pregnant by a guy named Keevin, spotted Keevin in the passenger seat of a car driven by Melody Carroll, 21 and also five months pregnant by Keevin. The two women shouted at each other side by side at 55 mph until the road narrowed to one lane because of construction, at which point neither would yield, and both banged their cars against the other for about 500 yards. Carroll's car finally hit the end of a guard rail and was totaled. Said Hardee's mother, "If [Keevin] would just let them know which one he wanted, you know?"

Keep trying, Darwin.

Copyright 1997 by Universal Press Syndicate.



To: Scrapps who wrote (8851)11/8/1997 1:09:00 AM
From: jhild  Read Replies (1) | Respond to of 22053
 
Well, I was thinking more in terms of if the markets keep going 24 hours, 7 days a week. Investing troglodyte mode as it were. Reversing a real time quote screen, drinking liquified caffiene, playing CNBC loud and cursing louder. Why should the pain stop just because the market has to close? Heck, I've had so much fun this week watching my profits erode (while I'm on hold) that I just want to feel this exquisite sense of pain on a more continuous basis. Round the clock buying opportunities.



To: Scrapps who wrote (8851)11/8/1997 3:18:00 AM
From: uu  Read Replies (3) | Respond to of 22053
 
So let us examine the events of the past couple of weeks.

1. Everyone in the stock market is happy making money. The economy is great. No inflation, national deficite is declining at the speed of light, Productivity is increasing (thanks to the technology) and a saving/investing mentality seems to rule among the employed population (which is about 96% of the employable force. The highest employment rate in many years).

2. Suddenly half way around the world an insignificant economy (in size compare to the US economy) namely Hong Kong starts to decline at the speed of light! As a result all of a sudden everything stated earlier above becomes absolutely wrong! The economy no longer seems to be doing so great, fear of inflation rises, productivity goes down, and the saving/investment mentality among the employed population suddenly is replaced by a spend, spend, and spend till drop dead mentality! As a result the stock market declines by as much as 13-14% from its highs and on the way down the entire tech sector is beaten badly as if we are going back to the stone age! In short a mini-market crash takes place! Suddenly all the jack-ass analysts such as Jimmy Rogers, and Michael Metz who have been saying the sky would be falling on the US markets since the DOW of 3500 get a huge smile on their face!

3. The tech sector continues to decline dramatically. Networking companies that prior to the Hong Kong situation were viewed to be the force behind the new revolution in technology resulting in unimaginable productivity, all of a sudden become the worst things that could have ever happened to the man kind! It seems as if US tech companies only sell to the Hong Kong market! First Ascend is taken down and practically executed and shot in the head over and over and over and over and over with absolutely no mercy in sight! And then 3COM is taken out and shot in the head over and over (and we are about to see if there is any mercy for 3COM yet)! In addition to netwworking companies, practically every single high tech company is executed over and over and over! The so called analysts (or the talking heads) who only 2 weeks earlier were advocating their extreme exuberance over the market and the US economy (and the tech sector) all of a sudden change their mind and re-define the word pessimism!

4. The market however gains all it had lost in a manner of 3 days before another decline in the insignificant Hong Kong market causes another sell off. On top of that the unemployment report comes out and indicates that people are now more prosperous than they have ever been in almost 29 years! And yet, the market collapses (especially the high tech sector, and especially the networking companies - and especially ASND, and COMS)!!!! It is as if the more prosperous Americans become the likely hood of companies such as 3COM and Ascend going out of business become stronger and stronger!

So what can possibly be concluded from the above set of facts/events/illusions, etc.?! the answer is absolutely nothing but the fact that fear and greed are 2 fundamental emotions that drive the markets, and logical thinking does not seem to exist! And between fear and greed, fear is the strongest emotion eventhough it is short lived, while greed lasts much much longer despite the fact that it is wekaer than fear! Logical thinking on the other hand, if one can truly possess (like Mr. Spock does), can gain one many many many financial gains!

In the final analysis it is always the underlying earnings and revenue growth of a company that will drive the stock price. Logical thinking dictates that nothing, absolutely nothing has changed with the fundamentals. Let the idiotic sell off of companies such as COMS, ASND, SUNW, LSI, INTC, etc. take place. Logical thinking says: take advantage of market's fears in order to gain from its greed later!

Regards,

Addi Jamshidi