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To: Venkie who wrote (24753)12/11/1997 11:27:00 AM
From: James H. Irwin  Respond to of 176387
 
I will quote an old Jesse Livermore saying:

It's more important to buy at the right time than the best price.

I suggest you ponder that, as I am sure you would agree there is a time value of money to take into consideration.

comments?

I am glad you broke even on qntm.

<<off topic>> A firm I used to work for recommended EMC corp at a split adjusted price of $1.25 now at $26. EMC (named after E=MC squared) is the largest purchaser of disk drives in the world. Overtook IBM and others in the RAID storage market (Redundant Arrays of Inexpensive Disks). Benefitting with all the price decline of disk drives. Everyone (read: institutional investors) thought the stock would continue to eat everyone's lunch (IBM, HIT, Fujitsu, etc.). IMHO nothing grows to the sky. The reason they call it hyper or cancerous growth rates is that it is unsustainable. Something has to give. I suggest stay at the party if its to your suiting, but I would dance my way at least a bit closer to the door.

bon chance.
Jim