To: Oeconomicus who wrote (9549 ) 6/2/1998 1:46:00 PM From: larry Read Replies (1) | Respond to of 18691
R.D.B, You also missed my point. Everyone knows that facts Bill mentioned in his column but his conclusion is wrong. I don't want to argue with the facts he put there, but his conclusion. To make things worse, as David pointed out, Mr. Short has been crying "wolfe is coming" for more than 3 years and yet he is dead wrong so far. The bottom line is: people don't listen to losers, they follow the steps of winners. It does not take a genius to figure out that. Also I guess that if I keep saying that the market is overvalued and is bound for a correction for 50 years in a row since now, I am almost certain that I will be correct at least once. Does that make me a genius? The DOW chart looks pretty good to me. Nasdaq is always volatile. And if you bought dips last October, you would have made a great gain. even if you bought at the top last October, you still make some gain. And I am willing to bet that if you buy now, you will be a participate to see Nasdaq going to 2000. About EGHT. I think that Bill lost my respect the day he dumped his EGHT shares while he still maintained bullish tone on the issue openly. Maybe it's a nice strategy to ask people to buy an issue while you can have enough time to dump it. It does look like he is very smart, isn't he?:) Oh, well, I forgot that he is also a businessman, not a pure geek. As far as DELL goes, I don't think that it's necessarily to argue anymore. I have friends who have longed DELL for the last ten years and have become multimillionaire. Meanwhile, I also know guys who are as stubborn as Mr. Short and went bankruptcy shorting DELL. I guess that the lesson those guys needed to learn is that they should have covered their DELL shorts much earlier while at the same time asking people to dump or short DELL on CNBC. That would have limited their losses significantly. good luck, larry!