Re: 1929 deja vu

From: Zero Powers (
Date: Tue Apr 25 2000 - 22:32:48 MDT

>From: Spike Jones <>
>So I took a beating in the stock market, but I have a
>plan for recovery. I will patent my investment strategy:
>Buy high, sell low.

You call *that* an investment strategy? If yours sells, I'll incorporate
mine and go for a blockbuster IPO. According to my strategy, you find a
highly speculative tech stock (say, Iridium) which has never turned a profit
and is $billions in debt. You start following the stock at its outlandish
highs (say, $70) and once it tanks to about 50% of its high you start buying
it like crazy. Buy a bunch at $30, then a bunch more at $20, then a bunch
more at $10 then a bunch more at $5, and you keep buying and buying until
you realize that the company is going bankrupt and has decided to let its $5
billion investment burn up in the atmosphere.

Once you have flushed many thousands of your hard earned dollars down the
toilet this way you can sit back and enjoy the invaluable sense of
satisfaction that comes from never having to endure the hellish boredom of
the idle mega-rich. *That*, my friend, is an investment strategy.


"I like dreams of the future better than the history of the past"
--Thomas Jefferson

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