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To: jcox who wrote (2339)12/18/1997 10:48:00 PM
From: luis a. garcia  Read Replies (3) | Respond to of 2615
 
I feel for Ernie... he invested in the stock and has gone through the worst of it. As we near or even journey towards the promised land of wealth and dreams he fell by the wayside a broken hearted investor.
kind of abandoning ship and sitting on the life raft as the steam billows from the stack and his ship sails away... as I said the stock
is selling for less than 20 cnts on the dollar. Could be selling for 40 dollars in two years... but it takes research and thought and patiente to stay the course. A bit of luck to cash in....
My advise is sound jocx time will tell if I thought otherwise I would not give it. bottom line is the greater fool theory assumes someone will always pay more than you for a stock... the COROLLARY of the greater fool theory is someone will always sell it for less than the previous fool...
I am personally still in a buying mood so the lower it goes the better it would be for me...however I feel people selling here are leaving the stadium ahead of the top of the order in the nineth inning... and the FAT LADY has not sung the blues yet.... but you just can't stand it can you..
luis



To: jcox who wrote (2339)12/19/1997 3:17:00 AM
From: luis a. garcia  Respond to of 2615
 
jox if you are a long time holder of the stock and wish to take a loss
you got a buy ticket and a sell ticket.. and America loves you for trying.. then you can buy back your position (a new ticket) and make a million and America loves you again when you pay back the taxes... (a new sell ticket) this is not bad advice... Wash is when you buy and sell inside 30 days big deal you get whipsawed and you don't get simpathy from America... but long term investors are different they make this country great and we don't punish them. Please it is important you realize this is so. for your sake.
luis