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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (17476)	4/20/2001 2:06:49 AM
From: American Spirit	of 37746

Thanks for the congrats. But I think "stubborn" is the key word. Why be stubborn when reality is crushing you? I was stubborn buying LU at 30. refused to believe it could go down further. So I understand the feeling. It's how you can lose a lot of money, being too stubborn. What's the harm in waiting 3 weeks? No great shorting opportunities will be missed unless we go up 25% more too quickly. Modest profit-taking only. And many will buy on those dips. I'm buying stocks in the red now. Looking for ones which HAVEN"T gone way up. That's why I like NOVL, WCOM, FON, SBC and LOR now, not because they're the best stocks around but they haven't moved yet. Not my only reason of course. Everything follows this size a rally. Well, almost everything. We had a taste after the Jan 4th cut and that was educational. But this is the real thing and I was ready for it.

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