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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Howard Bennett who wrote (12583)	12/20/1997 4:28:00 AM
From: craig crawford	Respond to of 45548

<< Jimmy Rogers is a joke >> You guys are really starting to tick me off. Leave Jimmy alone! He is very savvy and knowledgable. He doesn't always get everything right but he has many valuable insights to offer. Unfortunately some people are too stubborn or dense to realize that and choose to paint him with a broad brush. Since this thread seems to have some Jimmi Hendrix fans on it I will use him as an analogy. I saw a piece on Jimmi Hendrix once (I think it was The History of Rock-n-Roll) where someone was describing Jimmi and his guitar playing prowess. This person said that Hendrix would go to an absolutely horrible show but he would glean something from it. In other words the guitar player would suck overall but Jimmi would find at least something original or unique about the playing and somehow incorporate it into is playing. That's what you need to do wih some of these guys on CNBC. True, Jimmy Rodgers has been wrong on the direction of interest rates. But you know what? He hasn't lost money because of it. He went short bonds a while back at much higher yields but I remember the bond dropped a couple of points right after he shorted them. The trade started turning against him so he took his profits and as far as I know HAS BEEN FLAT BONDS EVER SINCE. (Flat bonds=no position) Yes J. Rodgers was dead wrong on shorting INTC. But you know what? He made up for it shorting EDS. I don't know exactly what price he shorted EDS at but it was somewhere during the decline from over 60 down to 30. I remember he was short when EDS tanked like 10 or 15 points in one day. Look at a chart of EDS. quote.yahoo.com See those cliffs that the stock fell off of? Jimmy was short during at least some of those. Every top trader/investor has his winners and losers. How about WMX? Soros has taken a beating on that one. Do you remember when Soros lost like $2 billion in one week just this last Oct? How about Buffett? What was that airline that he bought? USAir? He had to take a quarter of a billion dollar write-off. What about the now famous Berkshire Hathaway? The textile business failed, he has only kept the name. Saloman Brothers? A big disaster for Buffett. Peter Lynch? He was recommending people buy gold stocks just a couple of months ago in Worth. Whoops! Bad call. (The second time he has screwed up gold in the last few years). Jimmy has his mistakes like everyone else. But he still knows how to make money better than you or I and he has done it for decades.