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To: David Spruiell who wrote (7742)	1/12/1998 8:00:00 PM
From: John Carpenter	Respond to of 95453

I grow poorer, more stupid, and more ugly by the day. Don't listen to my mutterings, they are the writings of a fool and an idiot. I am just another asshole with an opinion-an opinion that has lately been a wrong opinion.

To: David Spruiell who wrote (7742)	1/12/1998 8:10:00 PM
From: Thean	Read Replies (5) \| Respond to of 95453

Depressed? Don't be. Just hold it long term. Is one year too long? I have a humble story to share. My introduction to investing other than mutual funds in the poor student days of mine was an investment into the highly leveraged (only 20-25% margin requirement) silver bullion market. The broker called me and even convinced my otherwise conservative wife that the market for silver was then and we could make a shitload of money fast (a few months at most!). My silver investment tanked the first year, and I had to pay the margin interest, the bullion storage upkeep fee, and sold half my holding to meet margin. I was feeling the depression peopleon this thread were feeling right now. But I said to myself, if I sold everything off into panic I would be left with 20% of my capital. It will take forever to recover that. So I said, I have no fear. There is really not much difference between 20% and 0. Guess what? Half a year later, I not only recovered all my loss, including the hefty 3% I paid the idiot broker (third broker since the first two assigned to me had left the company) and 1 1/2 years of margin interest and upkeep fee, but 50% net profit. Then I understood a few key lessons about investing. 1) Cut losses fast. 2) If the fundamentals has not changed but market tanked, holding long term is an option. 3) If sold into panic, one has to get back in later to participate fully when the investment goes up. Never give up on a goal if the fundamentals remain intact. Good luck to all. Short term, the bottom is in sight. Chart and all, I can almost guarantee one can make money going long if one sets a stop loss after the price moves up in a few days. I do expect a 1/2 bounce for every 1 drop. Past price movement (Dec) is a good indication of the future (the rest of Jan) direction. About GW, it closed below its lower BB today and also slightly below its lower BB on Friday. It should have a better day tomorrow compares to its peer. This one I'm 90% sure. Did anyone notice why BDI did not drop as much compared to its peers? BDI is a new stock and there have been little (some CHK insiders maybe) or no shareholders with cost basis much lower than where it is currently trading. Only those in panic still sell BDI.