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Voltage

07/11/02 1:03 PM

#1711 RE: SRT8 #1710

BB, BSTI is a little boring right now, and that's just the way I like it!

I was just thinking about $200,000+ in BMY that I sold in september for over $58.00. BMY just broke under $20.00 and is under investigation by the SEC for their accounting practices. That retirement account would be toast right now if I hadn't sold.

WARNING: The following contains subject matter which is very doom and gloom (not for BSTI).

I was thinking of an old graph I saw years ago. The graph predicted a tremendous loss in market valuation by 2005, due to the bulk of the baby-boomers removing money from stocks in their retirement accounts. I'm believe it's going to happen a few years earlier. Add to that, the children of the baby boomers have been burned by the market over the last few years, and the "hoped for" inflow of new money to the market is not going to be nearly enough to compensate. That alone paints a horrible picture, but with the corruption in corporate America and the terrorist threat, the broader market REALLY has a bad time coming.

Now for the positive - I like BSTI very much, regardless of what happens to the broader market, I think BSTI is in great shape for great happenings. It shouldn't be too long before we see developments. Also, I make the best beef jerky in the world! JMHO

Have a nice day everyone :)