|
PureBytes Links
Trading Reference Links
|
1 - Only smart people bought the Dells and Aols when they were trading in the
"exotic" section of the market back then. When did you buy your Microsoft? in
88? When did you buy your Yahoo, in 96?
Back then, investment bankers had to convince you there was money to be made in
softs and in the internet. Now you have to convince them to accept your margin
day trading account...
2 - If you are a smart investor. what is the next craze only "dumb" people will
miss next? Because now is the time to buy it. The internet is already priced
in, but what's the next?
3 - The smart business people are now creating companies with 10 Million $ in
sales, and half that as operative losses, ie they need several million new
dollars a year to get over. But they sell half their stake (which you may note
was worth 0 just before) for about 100 million to 1 billion dollars. How many
stocks do you have to trade before you make that kind of money? And how much
risk do you have to take on to get there?
4 - Even those who IPO'd Dells etc in the years back when the dumb didn't buy,
still have more stock than you would dream to have... See how much Michael Dell
made, and how much you made. Now who paid him? YOU. And who bore the whole
risk? YOU as well.
Cheers,
Gwenn
| -----Ursprungliche Nachricht-----
| Von: PGREC@xxxxxxx [SMTP:PGREC@xxxxxxx]
| Gesendet am: Friday, November 12, 1999 4:06 PM
| An: ggautier@xxxxxxxxxxx; Proffittak@xxxxxxx; eadamy@xxxxxxxxxx
| Cc: realtraders@xxxxxxxxxxxx
| Betreff: Re: AW: Near term SP500
|
| The "dumb" people who bought AOL, DELL, QCOM, MSFT etc. a few years ago and
| held on will retire very happily. The "smart" people who just looked at the
| absurdity and warned everyone for years will end up waiting on tables for the
|
| dumb people. Yes, someday it will come to an end as has been predicted for
| years, but it is sheer stupidity to not try to participate in what is going
| on.
|
| Pete Greco
|