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To: accountclosed who wrote (34230)4/16/1999 6:10:00 PM
From: TheStockFairy  Read Replies (1) | Respond to of 86076
 
AR, all of my puts on Schlob are SCHRK. I never thought I'd see the day where we would see a bid again! This is going to be a good weekend.

Beyond.com is up a point today so he is in the money over costs, besides the interest. His major holdings are MSFT, CSCO, DELL (he has been averaging down since the top) and Ascend. Now with 1,000 shares of Beyond, I think his portfolio is complete. Or he is just out of margin.

I wanted to point out what he is doing because I feel he is the average investor. As internets are getting taken back and tech is bloated beyond belief, my personal feeling is that these sheep are getting cleaned out by averaging down with margin. The system gets perpetuated by those helpful -s- brokers.

Since we are at or near some kind of top, this type of investor will not be left standing when the markets even fall a bit from their tops.

But then again, maybe it will never fall.