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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (5646)	3/27/1998 3:25:00 PM
From: taxikid	Read Replies (1) \| Respond to of 18691

Jon, i too have made my largest percentage gains from work.. yes driving a cab, knowing what questions to ask and judging the truthfullness of the answers.. umm, the best answers come from the drunkest people, they seem to be more honest.... unless they are penny brokers.. i just toss them out of the car... Had an institutional bond derivative market maker in the town car the other night.. he was saying he did not lke the dow here.. we agreed about asia and its effects not hitting our shores yet.. but the institutions(according to him) (and my dad.. in the insurance/fp biz) that money is still pouring in to mutuals. My dad's retiring in a few years and says he will be happy with 10% a year on his money.. He is switching to Roth ira's taking the tax charges while he is working so his cash is available in retirement, without penalty.. my dad is one of the people that would not invest in rental real estate, and made a small gain on his first house..(about 30%) then rolled it into a bigger house as the family grew.. and is looking @ a 400% gain on the house he currently owns.. refinanced a small part to complete the purchase of a large home on a lake in the poconos for retirement, using the mtg int as tax write off..and parked some cash in that pocono house, only because he got a deal on it... I think that there are many young boomers that are looking to do the same. My dad was in accounting and has, through deep consternation built a comfortable nest... without killing himself or frivolously wasting money on fancy cars, etc... bottom line... money flow will continue to be in stocks and trading curbs will allow the market to "correct" and allow money to be poured in @ that juncture.. There seems to be tons of money waiting for this... the only other side of the coin is those greedy people that do 125% mtgs and may end up collapsing real estate and force money out of the markets into default real estate in 5- 10 years. later.. taxi

To: Jon Tara who wrote (5646)	3/28/1998 12:32:00 PM
From: Gordon A. Langston	Respond to of 18691

Subject: IBUY John, since you have posted on the IBUY thread you will be interested along with possibly some others that the co. that brought them public, Waldron and Co. was one of their biggest customers in recent sales contributing about 15% to sales in form of computers and office supplies and not divulging this information publicly. A consultant to shopping.com (whose name was in the article but I am leaving out)said the co. told its outside auditors about this but they said it wasn't a big deal. Story was from the Santa Ana Register 3-28-98 business page 1 and 2 and something similar from IBUY thread.