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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Miller who wrote (496)	3/23/1998 9:44:00 PM
From: ahhaha	Read Replies (4) \| Respond to of 3873

My piffle should have gone unnoticed if it was only piffling. I sense you're nervous that this house of cards is going to come crashing down. You should be. I know nothing about the company except what I've read in this thread. That is enough to make anyone bearish, if only because there's no bears. This thread is the essence of mania. Everyone in this thread is betting on someone's track record. This has been universally fatal in this business and in real economy. You're betting on a pie-in-the-sky and it's all built on what management will inevitably achieve. Ceteris Paribus. Ah, there's the rub. Things won't remain the same and suddenly problems will arise. Since this company isn't even an operating entity, all you have is great expectations and a piece of paper. You do have that, don't you? Now you know the psychology prevalent in the late '20's.