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Author: scrim1 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121515  
Subject: Re: Mish - pay attention, please Date: 9/21/2001 1:08 AM
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People here do not want to hear ANYTHING negative.

maybe, but i rather hear something negative that will save me money that ignore it. Not losing money is more important to me than not wanting to hear something negative. What people don't want to hear is someone say.."NASDAQ 1,000 is the bottom" and provide no reasons to back it up..

btw, i've been reading about how more and more are selling everything and cashing in. They've sold everything and cashed in. So we may be getting closer to the bottom, but one has to wonder.. If everyone knows that we wont have a bottom till investors capitulate, doesn't that change things? For example, it could be a self fulfilling prophesy or in my case, i've decided that I'm not going to capitulate, because Buffett and the other great investors say buy when everyone else is fearful. Plus, why would i want to quit investing now? Stocks are getting cheap & discounting much of the bad news. There are some great companies out there with 5 or 6 times free cash flow.

JDSU is up only 34.10% if you bought in the middle of 1997. Yet they've gone from under 100 million in annual sales to over 2 billion. Granted, they've bought much of the competition to get there.


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