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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (37311)	11/23/1998 4:49:00 PM
From: Skeeter Bug	Respond to of 132070

>>What difference does it make if it is overvalued, as long as it keeps going up?<< past performance is not a guarantee of future results. be careful or you may be crowned greatest fool of all ;-)

To: Ilaine who wrote (37311)	11/23/1998 5:13:00 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

>>What difference does it make if it is overvalued, as long as it keeps going up?<< The difference is risk. My money market balances keep going up, too. Recent experience also teaches that internet stocks only keep going up. At one time recent experience would have taught you that disk drive makers only go up or that stocks as a whole only go up.

To: Ilaine who wrote (37311)	11/23/1998 5:36:00 PM
From: Skeeter Bug	Respond to of 132070

cb, amzn went from $140 to $60 in a few weeks... ooops, your joke went over my head ;-)

To: Ilaine who wrote (37311)	11/23/1998 5:52:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

CB, The difference is if you are still holding it when it collapses from $250 to $12. For me, I like to buy stuff that I know is cheap relative to its real value. Then, if it goes down and the fundamentals didn't change, I can sleep at night. I don't like to play chicken when I am driving an explosive Pinto and the real world is a Mack Truck just waiting to nail me. It doesn't matter how many rounds of chiken you win. The one where the truck gets you ends the party. <G> It isn't principle, IMHO. It is common sense. For example, I have a friend who won $23,000 on a Superfecta on dog racing. I am happy for her. I don't envy her. And I still thing superfectas are sucker bets. She may not ever give the greyhounds back all of her winnings plus some. But the majority of superfecta players will. I also suspect some of these Russian Roulette players in the stock market will get out at the top. But the majority will buy one dip too many and give back more than they made. And then they will look at the debt side of their personal balance sheets. MB