***Xena and eggs in the basket, 1000 words*** Hey Michael! C'mon, calling your pals on this thread fools. I had ALL my money on Qualcomm, then bought Globalstar on margin using the Qualcomm asset. Spreading investments seems very difficult - I have trouble understanding 3 or 4 companies sufficiently to invest in them. Actually, even 1 or 2 is almost enough. With all my eggs in one basket, I can keep both hands on it, both eyes and manage it much easier.
We all tend to have one skill specialty - learning about chemistry or banking or whatever, putting all out skills investment in one basket. We are happy with that and get rewarded by being highly specialist and skilled. I reckon the same applies to investments.
Market timing is the fun game! Ride out the peaks and buy in the troughs. Gregg isn't a market timer. I am! Much more fun to time the market. Buy in the trough, ride out the peaks.
"Adding to the melee, Prudential's famous bull, Ralph Acampora, switched to the bear camp. Acampora, made famous on Wall Street by his strong bullish forecasts as the Dow charged through new records, said the Dow could drop 15 to 20 percent from its record high."
I have to agree with Ralph this time round, but just as a market tidying up exercise, to teach the improvident a bit of a lesson on credit card borrowing to buy shares which are then margined with no room to move! Then it will be off to the races again, with Dow 16000 Feb 2002 and Q.com $80 when the market turns. [A shame about the 31 July - can't understand it, even though the markets were turning down. Okay, I'll give it until 31 August as a special reprieve. Still well above the pre-earnings price. Ramsey Su, mentioned here for no good reason.]
Meanwhile, back on Madeleine Albright, who said that Xena was one of her role models. Lucy Lawless, my Kiwi pal, said when asked about Madeleine's comment that Xena is probably not against nukes: "I would be a traitor to my conscience if I did not, when asked, declare myself to be anti-nuclear."
"Mrs Albright, by naming Xena her role model, showed she was amply armed with enough savvy and charm to strike a harmonious chord with the natives while staunchly maintaining a diametrically opposite view on the Anzus stalemate."
"It should be understood that New Zealand's shunning of such vessels is not isolationist...It is not hostile atavism but an act of courage, hope for the future and love for our children's children."
Lucy Lawless said she was married to an "all-American boy" and considered the States her second home.
This reported by Naomi Larkin in The New Zealand Herald today.
Yayy for Xena!! I wonder if, like Gorby, Mrs Albright will now see the light and move towards a United Nations based on something more useful than a nuclear standoff as a means of conducting international relations. Meanwhile, my Oz pals Richard Butler and Dorothy have been moved out of Iraq again with inspections incomplete. They are losing ground. He still has to do India, Pakistan, Israel, South Africa, France, Britain, China, Russia, USA and New Zealand. Oh, maybe Iran, and come to think of it, how do we know Japan hasn't been using those plutonium shipments in the wrong way?
Meanwhile, gasoline in Texas is cheaper. Dubai oil 12SuperDs. With plenty of it around.
All looks great. Sleep well folks, the world has never been better and is going to accelerate.
Mqurice
PS: 'Tero, Tera, Tora' is going to end up a Qualcomm cdma fan as Nokia, a prime licencee continues to gain in leaps and bounds. Tero tries to separate the handset from the network. The customer buys the package! With minute p---- a dominant factor. With the latest Sprint deals, watch the avalanche from analog start.
Much as Japan started out 'Tora, Tora, Tora' and ended up a big pal of USA and Noo Zeeland.
Is that too much to stomach yet Tora? |
