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To: Mohan Marette who wrote (25751)12/19/1997 10:42:00 AM
From: James H. Irwin  Read Replies (1) | Respond to of 176387
 
Just thought I would check in with you guys today.

Hey Mo,

which one of the above pundits are going to make your mortgage payment. I suggest you read thestreet.com's article about Western Digital. Cramer talks about how taxes/commissions concerns in regards to buy and hold versus sell when fundamentals change can kill you.

What everyone forgets is that analysts are more or less paid to be bullish. You can't do an IPO in a crappy tape. Every investment banking deal generates about 7% in fees. Where do those $4 million yearend bonuses come from anyway...now you know.

I posted earlier about markets being like a well struck 3 iron. They soar beautifully for about 190 yards and the last 20 come straight down. Hard and fast.

If you are on this thread you are concerned about being informed and hence I surmise intelligent.

Exercise extreme caution.