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To: Bill Harmond who wrote (40810)	2/18/1999 3:31:00 AM
From: KeepItSimple	Respond to of 164684

>It is impossible to make a bad decision if one sells high and buys back lower into >a stock he believes is a great investment. William, get help. If you think it is impossible for you to make a bad decision regarding the market, then your delusions of grandeur must be simply staggering. >Even if it goes to zero it was a constructive move. Um, if it goes to zero it was a boneheaded move, especially if during the process you threw away what was previously a handsome gain.

To: Bill Harmond who wrote (40810)	2/18/1999 4:37:00 AM
From: GST	Respond to of 164684

William--escalating commitment is human nature--call it averaging down if you like. I have been confused at times by your signals, thinking that you were standing aside and then seeing you announce purchases--I admire you most for getting out and giving the money to somebody else to manage--it takes guts, intelligence and character to do that -- far more difficult than buying into a trend a making money. That just takes timing and luck. As for AMD, the industry needs a second source, and they will help a bit, as they have already. They don't need AMD to be a wild success, but do need AMD to keep INTC honest. There are better buys in the chip sector.