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I knew he would be doing it sometime, just didn't know when. No, I don't do roofs or gutters unless you consider tear ducts as gutters.
Futures looking down this morning.
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m m
Reid, I have this computer always logged in. So I tried editing my last post and didn't have any problems. The computer I was on yesterday is not always logged on and never will be. I would consider this a bug in the program if one has to have the always logged in box checked to edit a post.
Perhaps Matt will see this post.
Looks like I may have exited IMPH a little early.<g> But, I followed my rules. I have been burned badly in the past when I haven't. My short on RFMD @ 31 will probably give me a better return then the IMPH play short term.
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m m
Good morning horsegirl! Are you ready for the Derby?
As to IMPH, it didn't respond initally as I had expected. Unlike Reid I have a tendency to enter a stock before the techs give a clear indication. However, if a stock doesn't behave as I expect I will exit quickly. I especially didn't like the closing price on Tuesday. Since I was going to be on the road most of yesterday, I went ahead and exited. I haven't re-evaluated it yet today.
Test edit.
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m m
Finally made it to E-town. Along the way I stopped in Vine Grove and found my brother putting a new roof on at my mom's, so I got side tracked again.<g>
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m m
Could someone tell me why everytime I try to edit one of my posts on IH I get kicked off earthlink?
BTW, I am now short RFMD @ 31.
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m m
Carolyn, I couldn't resist. I went ahead an placed an order to short RFMD at 31. I guess when I get to E-town I will see if it gets executed. Are you still in CMGI?
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m m
Well, I managed to exit IMPH without damage. After transaction fees I made $3.16! <g> I am going to leave it on my watch list, but just had an uneasy feeling about it.
BTW, I didn't short RFMD yet. I am not much into shorting against a dead bear. Having said that, I will probably hit one on my way back to E-town in a few minutes. Funny how those bears don't like to give up those last few breaths.
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m m
I own 200 shares. I considering exiting and shorting RFMD.<g>
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m m
The photo I touch up?
On topic: I don't like the way IMPH is performing today.
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m m
How did Arthur look in tails? Pund intended!
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m m
One of these days I will finish my roll and get it developed.<g>
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m m
Reid, IMPH may be worth a look today.
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m m
Is Bera the same hairy one who lured me by her sad, sad tale on the slopes?
Couldn't you tell by my picture?<g>
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m m
>>I've been looking for your picture to show up on the back of a milk container as in MIA.<<
It did in MO! Just ask Carolyn.
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m m
I thought Value investing was buying a growth stock at the end of a Bear market!
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m m
<<Could we have a mild selloff here with another wave up?>>
That is what I am thinking. I like you sold off some of my stocks that have had nice run ups thru today. In particular I sold RFMD, SSTI, and SAWS near their highs today. I only wish I had bought more RFMD about 3 weeks ago.<g>
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m m
Carolyn!!
You know me better than that. The shells are the best part.<g>
BTW, do you serve any Blue drinks here?
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m m
I will take a banana malt! Do you have any peanuts?
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m m
How about 2 out of 3?
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m m
I heard you have open a bar somewhere around here. Do you serve monkeys?
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m m
MMK I agree fully! I use to use Netscape exclusively. But since IE 5.0 vesion I have changed to using IE as my default browser! I hated to give in to Bill Gates, but it was so much faster. I rarely use Netscape anymore.
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m m
LOL! I finally get on line and I see that Reid is on vacation again.<g> I will probably be off line for a couple more weeks. I have shipped off one laptop for repair. My new laptop shipping date has been delayed again. Perhaps I shouldn't have asked for so much on it. I have a feeling it is the internal wireless card that is causing the delay. But either way it leaves me without internet connection about 99% of the time right now. I feel lost without my laptop!
BTW, any problems with foot-and-mouth at the cow's house? Us monkeys have been lucky so far!
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m m
>>What do you think about the new stockholder in INSP?<<
Just a new reason to short it!
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m m
Reid, I need a couple of up days on the NASDAQ. Can you arrange that for me?<g> Seems this monkey had everything committed when she fell asleep at the computer for a couple of days. Now I am stuck.
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m m
Hello Red!<g>
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m m
Gee! I take a couple days off and I have to read 88 posts one at a time. I will be glad when the 10 at a time shows up.<g>
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On his tax returns, Michael Mathie writes "investor" in the blank reserved for occupation. He claims to have traded upward of $8 million in securities since 1998. In 1999 his adjusted gross income was $899,969, all but a sliver in capital gains. He has also invested in a house for his family on Long Island and bought four cars, including a $97,000 Dodge Viper. Plus a garage to keep it in.
But here at the Elmira Correctional Facility, a maximum security prison where the guards call him "our resident millionaire," Mr. Mathie is formally known as Inmate 90T1282, who has completed almost 12 years of a 10- to 30-year sentence for manslaughter. He is also known for advising and helping pay for other inmates' legal efforts, as well as providing free legal advice to his fellow prisoners and stock tips to anyone who asks. Given his successes on Wall Street, people listen.
"It runs the whole gamut, from lawyers to inmates to everybody," he said in a recent interview.
Inmates cannot run their own business from prison, but as a state prison official said, they do not give up their right to free speech. Mr. Mathie's investing is not considered a business since he does not actually conduct the transactions. His father does, making this one of the odder tales of America's infatuation with the stock market.
Mr. Mathie, 33, has no Internet connection, no cell phone, not even a phone in his cell. He makes his trades by calling his father collect from a pay telephone — up to 10 times a day when the market was more vigorous. His father then places trades on the Internet.
"I could be paying a mortgage with what I pay MCI," he said, adding that he pays his father $500 to $1,200 a month for the calls.
He remembers investing in China Prosperity International Holdings, now China Converge, a foreign company that trades on Nasdaq, when China's proposed membership in the World Trade Organization was a hot topic.
"It went from $1 to $10, and the next day it was $18, so I threw $50,000 at it, and called back at 10:30 or 11, and it was at $70," he said. "So I cleared $150,000 and got my $50,000 back in two and a half hours."
He has also taken his lumps, mostly in paper losses, when tech stocks tanked. He gets chills when he recalls the market plunge of August 1998, when he lost $750,000 in market value in 20 minutes.
But he remains a true-believing bull, and predicts that the Nasdaq will top 6,500 by the end of 2002, up from its current 2,643.
"Definitely, we're not headed for no recession, and if we do go into a recession, it's because of the media," he said. "It's a self-fulfilling prophecy."
Mr. Mathie, a slight man who looks more like a clerk than a killer, was well acquainted with risk — but not the financial kind — when he landed in jail in 1989. He was 21, a high school dropout and former cocaine addict. He and three others were arrested in the murder of Paul Vincent Lamariana, 49, who was hit in the head with a tire iron, choked with an electrical cord, tied up, stuffed in plastic bags, wrapped in all-weather carpet, and dumped on the side of the road in Oak Beach, Suffolk County. Mr. Mathie admitted that he hit him with the tire iron and choked him.
Mr. Mathie said that he felt remorseful about the killing, and that the group of four friends believed that Mr. Lamariana was abusing the daughter of one of them. He has made inquiries about how he could help Mr. Lamariana's family.
"I just wish there was something else I could do other than time," Mr. Mathie said. "I have done a lot of self-improvement, made with Paul in mind. That's basically what drives me."
Contacted in California, Mr. Lamariana's mother declined to speak to a reporter.
Mr. Mathie pleaded guilty to manslaughter and conspiracy, but said he did so to get out of Suffolk County jail, where he said he was raped and repeatedly sexually abused by the chief of internal security, Roy Fries.
In 1996 Mr. Mathie won a $750,000 settlement in a federal civil suit, where the judge who tried the case ruled that the evidence was "overwhelming" and called Mr. Fries's acts "an outrageous abuse of power and authority." No criminal charges were filed in the case because the Suffolk County district attorney's office said there was insufficient evidence to prosecute it. (Mr. Fries is retired and did not return two phone messages left at his home in Lindenhurst.)
After an appeal, Mr. Mathie's award was later reduced to about $500,000. With $75,000 of that, he began trading stocks.
Jim Flateau, spokesman for the state's Department of Correctional Services, said inmates were not allowed to have computers or to run businesses from prisons.
"Certainly, since the transaction is occurring outside prison, it's not something over which we would exercise any control," he said. "Inmates have a First Amendment right to discuss whatever they want on the phone," so long as it is legal.
Such behind-bars business is very unusual, said Robert Gangi, executive director of the Correctional Association of New York, a nonprofit policy analysis group.
"Most inmates are poor people, and most inmates wouldn't know a stock exchange from a soccer ball," he said.
Under the "Son of Sam" law, prisoners are not allowed to profit financially from their crimes. An unsuccessful bill proposed by Gov. George E. Pataki in 2000 would have revised the law to allow crime victims to sue convicts for money and property from any source. That bill will be proposed again this year, said Caroline Quartararo, a spokeswoman for the state's Crime Victims Board.
In the meantime Mr. Mathie continues his daily routine, turning on the television in his cell at 4 a.m. to watch news of the European markets on ABC and PBS; there is no cable for convicts. He receives about a dozen publications that help him make his investment decisions, including The Wall Street Journal, Barron's, Investor's Business Daily, Value Line Investment Survey, and Individual Investor. The correction officers who deliver his mail complain that he gets too much.
"I compensate them," Mr. Mathie said. "They want to know what stock tips to go on, for their retirement portfolios and so forth."
He favors a diversified approach. Some of his favorite stocks? Corning, which he expects to double in price, Juniper Networks, JDS Uniphase, and AT&T, which is planning to split into four divisions.
"You can't beat that with a stick," he said. "It's a good long-term hold."
Tech stocks have been kind to him, and he said he considered their recent turn downward to be "a fabulous buying opportunity." He is particularly fond of Yahoo.
"Yahoo paid for the Viper," he said, referring to his new 450 horsepower convertible. "I had a picture of one on my wall for three years. I got sick of looking at the picture on my wall, and I ordered one. I put a $1,000 deposit on my Visa, and sent my sister over there. She paid the rest in cash. Same with the garage," a prefab model at his sister's house.
He has also purchased a Lincoln and a Suburban for each of his two sisters, and a $145,000 home in Islip Terrace, his hometown in Suffolk County where his father, sister, brother-in-law and nephew live.
He helps other prisoners by putting up money when needed. For example, Mr. Mathie said, he has given $2,000 to pay for the DNA testing of evidence that one inmate, Frank Sterling, believes could clear him of his murder conviction. In addition, he has posted a $25,000 reward for information leading to the conviction of the killer of Steven Maida, the son of a family friend.
Mr. Mathie has also sent $5,000 to the Office of Prison Ministry of the Roman Catholic Diocese of Rockville Centre, in part to provide a special Christmas breakfast and presents for residents in juvenile detention. When he gets out of prison, he hopes to start a nonprofit organization to help young people. He was denied parole in 2000, and his next parole hearing is in June.
His father, Maurice E. Mathie of Islip Terrace, a retired postal police officer, said his son's stock trading was good for him.
"I think it's therapy for him," said the father, who remembers his son as "a normal kid, getting into trouble," not showing any particular financial good sense.
A Columbia psychology professor and an expert in coping with trauma, Leah Blumberg Lapidus, said Mr. Mathie needed more serious help. He suffers from post-traumatic stress disorder and "massive flashbacks" from his time in Suffolk County jail. She said he needed counseling at least twice a week.
"He's a very bright young man, with a capacity to channel horrific post-traumatic stress disorder into constructive activity, and to use his intellectual capabilities in order to figure out these investments," she said. She testified at a recent trial in which Mr. Mathie maintained that he needed treatment for stress, and she found him ready for parole.
Thomas F. Liotti, Mr. Mathie's lawyer, said he should be released. "Way back when he had his legal problems, he probably had those problems because of bad judgment," Mr. Liotti said. "Now it looks to me that he has terrific judgment."
Mr. Mathie said one of his first priorities outside prison would be to finish college, which he started in prison. Meanwhile, now that the market is slowing, he calls his father only about once a day. He remains optimistic, however.
"I don't believe the fundamentals have changed much," he said. And he offered a prognosis of the first half of the year for the market that perhaps also applies to himself as he heads toward his next parole hearing.
"The first two quarters until June are going to be tough," he said. "You've just got to stick with it. You've got to have an iron gut."
http://www.nytimes.com/2001/02/06/nyregion/06CON.html
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m m
Much better than Yesterday!
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m m
ROTFLMMTO!
Thanks for the Link:
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=15296813
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m m
Welcome aboard! I will sure be glad when IH gets their new servers up in a couple of weeks. This site is crawling today.
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m m
I just hope the rest of tech don't follow suit Monday morning!<g>
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m m
Do you want to be a director?
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=50753
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m m
>>the BIOMANBABA bababa boooooooooooooom<<
LOL!
Is that animal, plant, or some other kind of matter?
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m m
LOL! That site has some interesting things.
Maybe you can find a Yoda for Reid to put in his signature!
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m m
Guvf vf arng gbb! uggc://jjj.qrtenrir.pbz/tvs2gkg.fugzy
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m m
Qba'g lbh fcrnx zbaxrl?
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m m
Uryyb Ervq, Ubj qb yvxr guvf arj frpreg pbqr? Vfa'g vg terng.
http://www.degraeve.com/rot13.shtml
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m m
Good morning Carolyn,
I have been thinking about what you said about the IBM-XT the boys gave me and ordered a new laptop yesterday. It is suppose to ship by March 5th. I would like to have had a mobile Athlon processor, but it wasn't released yet. Does this sound a little better?
Inspiron 8000 Multimedia Mobile Desktop:
CPU: Standard 850 MHz Intel Pentium III processor on a motherboard with Intel's 815 core logic chipset, L2 Cache 256MB.
Memmory: 256MB SDRAM 1-DIMM leaving one open socket for expansion.
Display: 15" Ultra XGA active matrix, Resolution 1600 X 1200.
Video Card: 32MB ATI Mobility M4 3D Video, 4X AGP.
Primary Hard Drive: 32GB 4200-rpm with ATA/100 interface.
Fixed CD/DVD Drive: 8x/24x DVD-ROM
Modular CD/DVD Drive: 8x/4x/24x CD-RW, Standard 1.44 floppy
Audio: Harmon/Kardon audio with S/PDIF port for Digital Surround Sound, intergrated stereo speakers and microphone, TELEX H-51 Stereo Headset and Microphone.
Operating System: Microsoft Windows Millennium
Network Adapter: Internal mini-PCI Dell TrueMobile 1150 Wireless Networking.
Modem: Xircom 56K/V.90 PC card.
Wireless Home Networking: Truemobil 1150 Wireless Base Station.
Ports: Parallel, Serial, PS/2, VGA, S-Video-out, S/PDIF-out (on dongle), line-in, headphone, mic, FIR, two USB, Ieee-1394, and docking station.
Size/Weight: 13 x 10.8 x 1.7 inches/ 7.9 pounds with battery.
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m m
Nice call Reid on going cash on Thursday!
I had a dream last night that was unusal. I never dream about stocks, but I did last night.<g> In my dream RFMD was tradingg significantly higher then all of a sudden it dropped to $5. Newswire services was reporting they had filed a chapter 11. But watching the chart the stock kept going up to the mid teens then dropping back to $5. Then the market closed but CNBC was reporting that Fund mangers where not leaving their offices. It was being rummored that RFMD had not filed chapter 11 but instead it was a sister company. It was further being rummored that this was being done by some insiders to obtain stock at lower prices. About that time CNBC reported that indeed RFMD had filed a chapter 11 and the stock fell to $1. During this whole time I couldn't trade because I couldn't get the screen on my computer to work. BTW, somewhere in the course of this dream it was revealed that you were holding 1000 shares of the stock.<VBG>
I don't like dreaming about stocks, hopefully this was the first and last. I can think of much better subjects for dreams.<g>
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http://www.investorshub.com/beta/read_msg.asp?message_id=43805
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