MCI WorldCom
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Senior User
Joined: Oct 2001
Posts: 249
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From: TX
MCI WorldCom
Well I think I might be looking for work sone. The stock is down to $1.15 and not looking like it is going to come back up any time sone. My 401K turned into a 101 all my stock options are well lets say not worth a blank. :-X23 :-X23 :-X23 :-X23 :-X23
Hold me please I think I am going to cry
Hold me please I think I am going to cry
Junior User
Joined: Apr 2002
Posts: 65
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From: TX
MCI WorldCom
I feel your pain! I work in Telecom too (Telecom Corridor in Richardson,TX), and my company's stock has gone from a high of around $145.00 U.S. in the spring of 2000 to about $2.62 yesterday. Fortunately, I've only lost about 20% of the value of my 401K, but I know people that have lost 80% and more. Likewise, I've got a large number of stock options that are underwater (negative value) that look like they'll be that way for a long time.
I put in a lot of long hours for those options, now it looks like I'll never see a return. To top it off, in lieu of a salary increase this year, I got more stock options that immediately were $3 a share underwater. Try explaining that to the little woman!!!
The only thing to hope for is a big turnaround globally!
Good luck!
John
I put in a lot of long hours for those options, now it looks like I'll never see a return. To top it off, in lieu of a salary increase this year, I got more stock options that immediately were $3 a share underwater. Try explaining that to the little woman!!!
The only thing to hope for is a big turnaround globally!
Good luck!
John
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Senior User
Joined: Oct 2001
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From: TX
MCI WorldCom
John, I am as well in Richardson. We got no pay increase no options this year. On top of that they pay less on our health care. It cost me $300 every 2 weeks to have health benys for my family.
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Joined: Jan 2001
Posts: 1,124
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From: Rural Florida Panhandle
MCI WorldCom
odie780 and tx splash,
I live in McKinney, but work near the Galleria.
What do you guys drive regularly, in case I see you on the road?
My most regular to-work vehicle is my white 91 explorer.
Sometimes I drive my Red 88 F150. Sometimes I drive my wife's Red 92 Mustang, used to drive my white 54 F100 sometimes, but had to change insurance to save $1500/year.
Sorry to hear about the stock stuff. Fortunately, my 401K is pretty steady, I hope to be cashing in on it in about 3-5 years. Most of my stock market experience outside the 401K plan has been a very steep downhill run without brakes.
Winford
I live in McKinney, but work near the Galleria.
What do you guys drive regularly, in case I see you on the road?
My most regular to-work vehicle is my white 91 explorer.
Sometimes I drive my Red 88 F150. Sometimes I drive my wife's Red 92 Mustang, used to drive my white 54 F100 sometimes, but had to change insurance to save $1500/year.
Sorry to hear about the stock stuff. Fortunately, my 401K is pretty steady, I hope to be cashing in on it in about 3-5 years. Most of my stock market experience outside the 401K plan has been a very steep downhill run without brakes.
Winford
Thread Starter
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Senior User
Joined: Oct 2001
Posts: 249
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From: TX
MCI WorldCom
>odie780 and tx splash,
>I live in McKinney, but work near the Galleria.
>What do you guys drive regularly, in case I see you on the
>road?
>
>My most regular to-work vehicle is my white 91 explorer.
>Sometimes I drive my Red 88 F150. Sometimes I drive my
>wife's Red 92 Mustang, used to drive my white 54 F100
>sometimes, but had to change insurance to save $1500/year.
>
>Sorry to hear about the stock stuff. Fortunately, my 401K
>is pretty steady, I hope to be cashing in on it in about 3-5
>years. Most of my stock market experience outside the 401K
>plan has been a very steep downhill run without brakes.
>
>Winford
I live in Melissa my truck is dark red dualy.
>I live in McKinney, but work near the Galleria.
>What do you guys drive regularly, in case I see you on the
>road?
>
>My most regular to-work vehicle is my white 91 explorer.
>Sometimes I drive my Red 88 F150. Sometimes I drive my
>wife's Red 92 Mustang, used to drive my white 54 F100
>sometimes, but had to change insurance to save $1500/year.
>
>Sorry to hear about the stock stuff. Fortunately, my 401K
>is pretty steady, I hope to be cashing in on it in about 3-5
>years. Most of my stock market experience outside the 401K
>plan has been a very steep downhill run without brakes.
>
>Winford
I live in Melissa my truck is dark red dualy.
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Posting Guru
Joined: Jan 2001
Posts: 1,124
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From: Rural Florida Panhandle
MCI WorldCom
I'll keep my eyes peeled and be sure and get out of the way if I see you!
Great truck! My son had a white one (company truck) for a while and it was a blast.
Winford
Great truck! My son had a white one (company truck) for a while and it was a blast.
Winford
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From: Yelm Washington usa
MCI WorldCom
[updated:LAST EDITED ON 15-May-02 AT 03:59 AM (EST)]I can relate to what your situations are. There used to be a joke about a farmer who won the lottery, when asked what he was going to do with the money he replied, "I dunno, I guess I'll keep farmin till it's all gone". Well all of my money is not gone, but it doesn't take a rocket scientist to realize that I could no longer keep the family farm profitable. So now I am developing it into five different housing developments.
Even rats abandon a sinking ship.
dj
Even rats abandon a sinking ship.
dj
Thread Starter
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Senior User
Joined: Oct 2001
Posts: 249
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From: TX
MCI WorldCom
>I can relate to what your situations are. There used to be
>a joke about a farmer who won the lottery, when asked what
>he was going to do with the money he replied, "I dunno, I
>guess I'll keep farmin till it's all gone". Well all of my
>money is not gone, but it doesn't take a rocket scientist to
>realize that I could no longer keep the family farm
>profitable. So now I am developing it into five different
>housing developments.
>
>Even rats abandon a sinking ship.
>
>dj
Man I feel for you. It's a shame that you cant find a way to make the farm work. It makes me very sad to see a farm turned into a housing dev.
>a joke about a farmer who won the lottery, when asked what
>he was going to do with the money he replied, "I dunno, I
>guess I'll keep farmin till it's all gone". Well all of my
>money is not gone, but it doesn't take a rocket scientist to
>realize that I could no longer keep the family farm
>profitable. So now I am developing it into five different
>housing developments.
>
>Even rats abandon a sinking ship.
>
>dj
Man I feel for you. It's a shame that you cant find a way to make the farm work. It makes me very sad to see a farm turned into a housing dev.
Junior User
Joined: Apr 2002
Posts: 65
Likes: 0
From: TX
MCI WorldCom
>odie780 and tx splash,
>I live in McKinney, but work near the Galleria.
>What do you guys drive regularly, in case I see you on the
>road?
>
>My most regular to-work vehicle is my white 91 explorer.
>Sometimes I drive my Red 88 F150. Sometimes I drive my
>wife's Red 92 Mustang, used to drive my white 54 F100
>sometimes, but had to change insurance to save $1500/year.
>
>Sorry to hear about the stock stuff. Fortunately, my 401K
>is pretty steady, I hope to be cashing in on it in about 3-5
>years. Most of my stock market experience outside the 401K
>plan has been a very steep downhill run without brakes.
>
>Winford
Winford,
I live in far north Plano (almost in Allen) but I'm rarely out on 75; I drive Hwy 5 (Avenue K) to work. All I ever drive to work is my Amazon Green 99 Ranger 2wd SuperCab Flareside. The most distinctive part of my truck is the black primered tailgate. I had a run-in with my Polaris ATV and the ATV won.
I've finished fixing the worst of the damage and will probably be painting it in the next few months.
Don't have much disposable income with the collapse of telecom and trying to raise three boys (two driving, one in college).
It's a great little truck, but I can't wait until I can move up to a Super Duty PSD Crew Cab!
>I live in McKinney, but work near the Galleria.
>What do you guys drive regularly, in case I see you on the
>road?
>
>My most regular to-work vehicle is my white 91 explorer.
>Sometimes I drive my Red 88 F150. Sometimes I drive my
>wife's Red 92 Mustang, used to drive my white 54 F100
>sometimes, but had to change insurance to save $1500/year.
>
>Sorry to hear about the stock stuff. Fortunately, my 401K
>is pretty steady, I hope to be cashing in on it in about 3-5
>years. Most of my stock market experience outside the 401K
>plan has been a very steep downhill run without brakes.
>
>Winford
Winford,
I live in far north Plano (almost in Allen) but I'm rarely out on 75; I drive Hwy 5 (Avenue K) to work. All I ever drive to work is my Amazon Green 99 Ranger 2wd SuperCab Flareside. The most distinctive part of my truck is the black primered tailgate. I had a run-in with my Polaris ATV and the ATV won.
I've finished fixing the worst of the damage and will probably be painting it in the next few months.Don't have much disposable income with the collapse of telecom and trying to raise three boys (two driving, one in college).
It's a great little truck, but I can't wait until I can move up to a Super Duty PSD Crew Cab!
Senior User
Joined: Feb 2002
Posts: 281
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From: McDonough US
MCI WorldCom
>Man I feel for you. It's a shame that you cant find a way
>to make the farm work. It makes me very sad to see a farm
>turned into a housing dev.
It's all about supply and demand, if you can hang in there long enough with the current trends, farm products will be in high demand again. A loaf of bread for $45.00... yep, those will be the days for all the farmers as the dotcommers are starving.
Robert
>to make the farm work. It makes me very sad to see a farm
>turned into a housing dev.
It's all about supply and demand, if you can hang in there long enough with the current trends, farm products will be in high demand again. A loaf of bread for $45.00... yep, those will be the days for all the farmers as the dotcommers are starving.
Robert
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Joined: Mar 2002
Posts: 1,217
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From: Yelm Washington usa
MCI WorldCom
>>Man I feel for you. It's a shame that you cant find a way
>>to make the farm work. It makes me very sad to see a farm
>>turned into a housing dev.
>
>It's all about supply and demand, if you can hang in there
>long enough with the current trends, farm products will be
>in high demand again. A loaf of bread for $45.00... yep,
>those will be the days for all the farmers as the dotcommers
>are starving.
>
>Robert
The problem is that even when beef prices went out of site they brought in so much beef from Mexico that I can't compete.
I'll give you another example; my best friend just lost his family farm 2 years ago, (His was a dairy farm and ours is a beef ranch) That was my wake-up call. At the time milk in the grocery store was $3.50 a gallon, I believe he was gatting about $0.70 per gallon. This was after the government did the "dairy buy out program" to drive the price of milk up. The program bought your dairy animals and sent them to slaughter, there for shooting the beef industry in the foot. Then they open up trade to Mexico and they flood the market driving down the price of beef, but if you notice the price in the store is the same. So who got the money???
dj:-X23 :-X23 :-X23
>>to make the farm work. It makes me very sad to see a farm
>>turned into a housing dev.
>
>It's all about supply and demand, if you can hang in there
>long enough with the current trends, farm products will be
>in high demand again. A loaf of bread for $45.00... yep,
>those will be the days for all the farmers as the dotcommers
>are starving.
>
>Robert
The problem is that even when beef prices went out of site they brought in so much beef from Mexico that I can't compete.
I'll give you another example; my best friend just lost his family farm 2 years ago, (His was a dairy farm and ours is a beef ranch) That was my wake-up call. At the time milk in the grocery store was $3.50 a gallon, I believe he was gatting about $0.70 per gallon. This was after the government did the "dairy buy out program" to drive the price of milk up. The program bought your dairy animals and sent them to slaughter, there for shooting the beef industry in the foot. Then they open up trade to Mexico and they flood the market driving down the price of beef, but if you notice the price in the store is the same. So who got the money???
dj:-X23 :-X23 :-X23
Senior User
Joined: Feb 2002
Posts: 281
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From: McDonough US
MCI WorldCom
First, I was referring to exactly what you speak of, the raping of America land by the government and big business greed. Basically, if we ( certainly not me but us as a nation ) don't get off our collective rear ends and start noticing what's happening it'll be too late. We destroy our farm land, financially wipe out all the farmers and set ourselves up for a real problem in the future.
What if we wake up tomorrow, a severe drought, big business farming goes belly up, we have no farm land and there aren't any people left that know how to plan corn?
Second... that really sucks... maybe I should begin looking for local farms and suppliers and buy direct.
Robert
What if we wake up tomorrow, a severe drought, big business farming goes belly up, we have no farm land and there aren't any people left that know how to plan corn?
Second... that really sucks... maybe I should begin looking for local farms and suppliers and buy direct.
Robert
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From: Yelm Washington usa
MCI WorldCom
On buying direct: Every little bit helps, But what needs to happen overall is the middle man needs to pass on some of the money. No I don't think that the prices are to low in the grocery store. No the consumer shouldn't have to pay more. This is very hard for me, I am giving up something that has been in my family for eight generations. I always thought it would be there for my kids and their kids. I always hoped they would stay and work it but knew if they didn't want to they wouldn't have to. It is hard to look around and see things that I built with my grand father and things he built with his grand father. There are projects that I had planned to have the boys help me with. I am sadened by the fact that they won't have the memories that I have had and the pride that I have felt by taking something and keeping it up and knowing that this barn is 101 years old and I am not the first one to slam my finger in the wonderful door. Has anyone ever seen a threeinch hinge just wear out? Last year I hadto replace the hand forged hinges on the "big" doors they had worn through.
Sorry for rambling on and on,
dj
Sorry for rambling on and on,
dj