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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (4832)	5/16/1998 9:08:00 PM
From: Sergio H	Read Replies (3) \| Respond to of 29382

<Companies with strong and growing fundamentals stand the best chance in all market environments...> On that we can agree Jim. That's why we fill our portfolio with stocks that meet that criteria. I would like to add that out of all our current stocks, APCO looks like the best buy right now. Much more upside potential than downside risk. Sergio

To: James Strauss who wrote (4832)	5/17/1998 9:28:00 AM
From: Sam Ferguson	Read Replies (1) \| Respond to of 29382

I agree with your post. Bubbles come usually from unexpected sources at unexpected times. There are thousands of reasons that could change world situations. Natural disasters, snowballing bank and stock brokers financial disasters. Nuclear war. Political wars that shake confidence. My biggest worry is that the options market borrows your stock to create a supposed value in another market. It all depends upon the banks and brokers who have such a high percentage of our wealth in their control. One security is backed by another debt security by another debt security etc. I am afraid the nations pensions are going to be ripped off like the retirement funds of the unions or company controlled retirements. I saw this with Eastern Airlines when Frank Lorenzo busted the company. I also remember the failed Washington state bonds. Investing has turned into a refined form of gambling with day trading, second level quotes and get rich quick schemes. Its fine for the winners but the odds are against it. Fundamentally sound investments are swept along in the tide when crashes do occur. The adage still applies: Invest only that amount you are willing to lose.

To: James Strauss who wrote (4832)	5/17/1998 5:34:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

<The Embedded Chip Y2k potential failure can touch every sector of the economy... Just to name a few areas, The Electric Utilities, Airlines, Trucking, Railroads, Computers, Automobiles, Elevators, Medical Equipment, Satellites and Communications, and much more... Embedded Chips are in almost any electrical equipment that you can think of..> Jim, it does appear that the issue that you raise is of widespread concern. "If widespread computer breakdown were to occur millions of people dependent on state funds could find themselves without money and public utilities could leave whole populations stranded without water or power. In a recent article in the Wall Street Journal, chief economist at merchant bankers Deutsche Morgan Grenfell, Edward Yardeni, said there was a 60 percent chance of a recession because of the computer bomb, with the possibility of a depression." zdnet.com