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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: swisstrader who wrote (56566)1/4/2000 6:03:00 PM
From: JeanD   of 108040
 
I lost a bit because I bought back HSAC too high, but I averaged down when it dipped to 18 5/16, so I think I am almost even.

But if the market tanks again tomorrow things may not be looking so rosy. CNN market headline is already talking about the Fed and interest rates, which came a bit before I expected.

My other recent losing trades include PFSW and ACOM. For better or for worse I sold them both. Not a big loss, but a loss nonetheless. OPTO has saved my portfolio over the last week, and I am still up on the KNOT I bought yesterday. XPDR held up well. I'm just focusing on a few stocks, but keeping on eye on a pretty extensive watch list. A LOT of red, and I wouldn't be surprised if some of the toppy ones have further to go on the downside.

Overall my portfolio did ok under the selling pressure. I picked up some CNQR at 29. I was mad at myself for not pulling the trigger on it when it was under 25 about two weeks ago, and I watched it run right up into the high 30s. Times like these are good times to be buying stocks that you wish that you had bought at lower prices.

I've got 50% still in cash from my pre-Y2k precaution, so I will be ready to pick up some bargains if the market falls further. Trying to time the bottoms though is a tiring job ... so anyone who sees any REALLY great prices out there please point them out.

I'm sure Brandon and everyone else on this thread has had losing trades. I don't know if anyone else does this, but I sometimes double up on something that dips - then sell half when it gets to my original purchase price. Reduces my cost basis.

Jean

PS You could've made some short term money playing some of the bounces today.
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