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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (3197)2/5/1999 12:06:00 AM
From: mister topes  Read Replies (4) | Respond to of 15132
 
I just don't get it. Why would anybody buy an internet stock
after the Nasdaq has just jumped 75% in four months to
bizarre levels of record high valuation, knowing all along
that the probabilities favor losing money on such a speculative
decision at such an unfavorable time marketwise. Let me
congratulate those here who do not participate in such folly.
Far better to simply write a check to your favorite charity
than to hand over the money to another seller of
overpriced internet shares.
Oh well, like they say, easy come easy go. The worst way to
invest for sure is to force a trade into an overpriced stock or group.



To: Justa Werkenstiff who wrote (3197)2/5/1999 1:23:00 AM
From: Kirk ©  Read Replies (1) | Respond to of 15132
 
But tell us in detail, if you will, what the experience was like.....

Well... it feels much like buying Lam at $12 then $10 and sort of hoping in agony it would hit $8 before it bottomed. I just missed that last target at it only went to $8 3/8... This stock.... It has the $6 to $4 move down now I just hope it does the rest according to plan! 8)

To all, it is well under 1% of my portfolio so I feel a good risk is fine as long as I don't have several playing out at the same time.

regards
Kirk out