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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (1327)	4/20/1999 11:08:00 AM
From: K A Anderson	Respond to of 3543

You would have to mention 1987... the year I swore off Margin accounts. It doesnt take but one serious butt kicking to wake people up. I worked part time for CPQ in 1983, 84 and 85, I was buying a little of their stock every pay day, not as an investment but as "job security". At the time I thought the stock was getting a little high, But Rod Canyon once told me face to face, that computers are the only place to invest for the next 50 years.... Well I still thought CPQ was getting a little high in price, so one day in the lunch room, I over heard a few programmers talking about the new chip Intel was shipping into the production lines... Intel was a lot cheaper than CPQ and their products where subject to extreme security on the production line... rational "there must be something really cool in those boxes and the stock is cheaper." So I started buying INTC instead of the high priced CPQ. Later I heard the engineers raving about Microsoft and started seeing those boxes laying around. Make a long story short, in 1987 about 4 years steady buying of MSFT INTC and CPQ bite the dust all in one margin call.... great part about cash accounts you never get a margin call. KAA