To: J.R. who wrote (1850 ) 2/8/1998 9:00:00 AM From: D LEE Respond to of 6654
you have to remember, and with quite a bit of urgency, that most cases of true damage to our pocket books occur when the price of a stock is going up by fraud! This is when we get excited. In our euphoria we rise to the occasion. our baby is going up up up! We can't believe we're so fortunate! Yet, if we can afford it, in deciding where to put some more money "the facts speak for themselves - This is the only way to go!!!" and we goof by chasing the stock. Two weeks later, after reality hits, crying in our beer, things are more where they should AUGHT to be and we are trying to think of ways to emotionally pull our selves out of a downer. No. I didn't see negativity when Wayne mentions price or anything else, and believe we only have the right to consider re-tuning ourselves (be that right or wrong, and a by-law that he has taken onto himself in every way). We should rejoice: in the fact that we didn't invest in the CVIA of great technological promise some months ago, that as a result a substantial portion of the original speculation is still in tact, that a mere individual (Jack Arnold) had the mind sufficient to carry the shell to a place where it may have purpose, that he truthfully promises practically nothing but salvage as beyond that it will be out of his control, that his expedience was useful in finding cash in the time of weakness and that we know a piper will have to be paid. Beyond that the new questions and answers evolve behind closed doors and our own knowledge or lack of it will only have a meager effect on the present day price at best. (In this conversation, I too will leave the future prospect, that a new business is being formed, blowing in the wind.) It is our own responsibility to steer ourselves through the changes to come, price and otherwise, and make sure we don't overindulge in the first (second third etc., wherein the problem lies) place. If we solve that problem in advance and keep things in our own individual prospectives, I can appreciate a comrades statement about loosing 2 cents "case closed" far better than what vast amounts one stands to loose if they don't hurry up and give up now! The part I appreciate is sharing the voyage with someone who has prepared himself for the best and the worst with opened eyes. At the end of that voyage, he will still be the same person. And one most worthy to take another trip with. (In my book luck is when preparation meets with opportunity and the time involved must be used well by investors in their own prudent ways to take care of that and themselves.) Dave