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To: Wallace Rivers who wrote (18630)11/23/1997 2:59:00 PM
From: Don Earl  Respond to of 42771
 
Hi Wallace,

I understand what you're saying. My point is that a rumor will never cause a spike anywhere near 12.5 and anyone that listens to articles that describe a 25%-30% downside risk as "minimal" need their heads examined. My biggest mistake this quarter was not selling into the HP rumor rally. I honestly did not believe that anyone would be dumb enough to fall for that one so soon after the IBM rumor. I think it was Robert Heinlein that said "Never under estimate human stupidity." I believe he also said "You can't teach a pig to sing. It wastes your time and annoys the pig." My mistake on both counts. My apologies if I offended anyone. My world picture gets kind of Machiavellian at times.

Regards,

Don

Regards,

Don