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Author: CowDad Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4956  
Subject: Re: Response from BuyandHold Date: 4/19/2001 11:56 AM
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While I would be concerned as well about the headaches
of a collapse, my (and everybody else's) accounts are
fine. It is simply silly to speak otherwise.


What is silly is all the denial and wishful thinking that people are taking for reality that appears to go on not only here, but in many places in investing circles. But that's the kind of thing that in many cases provides opportunity. Whether or not I wish BUYandHOLD continues to go on or not (and I most certainly do wish it carries on)--that has very little to do with whether they make it or not. I can't wish them into making it.

Some letter from BUYandHOLD that somebody posted had absolutely no new information in it other than the number of accounts and people on this board took that as if it contained some type of compelling information indicating BUYandHOLD was going to make it. It didn't contain any such thing.

We've seen a post here from somebody who said he just "brushes off" things like going concern paragraphs in audited financial statements. Like, unreal. People are going to believe what they want to believe, I suppose, no matter what evidence there is to the contrary. I mean, there are people still in tech funds, people buying Cisco, even though it's clear the tech party is over.

As far as BUYandHOLD goes, there's strong indication that that party is going to end soon. Would you invest in a dot com that lost over $12M last year????

But anyway, keep on with your wishful thinking, though it's going to get you nowhere and will probably even cost you a good bit of money you could otherwise have made. And there are people who are going to take advantage of your wishing.

Also. The way I look at it, the stocks I buy through
B&H are to be held anyway. If it takes a few weeks to
recover the certificates, so what? I'll just transfer
them to another brokerage where I will continue to
buy and hold anyway.


Do you have any idea how this process works? I didn't think so. Just close your eyes and hope it won't be too much of a headache. Visualize that it won't be a headache--maybe that will help.

CowDad
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