Craig A,
>>I question how many 'investors' were really shaken up by this last month. I sure was. But I won.<<
I lost. Actually, I won in a way. I am the only trader in the United States that lost $6k today during this monster record setting Naz one day point gain rally. My broker cracked up; I think he's gonna send me the "Investing, Speculating, and Gambling for the Retard That Rode the Little Yellow Bus" pamphlet. I literally couldn't believe it. I have huge bumps and cerebral contusions on my Insana-like forehead from pounding it into my state of the art trading desk. The swelling subsides every time I think I deserve a prize, better yet a standing ovation from David Tice, Jimmy Rogers, Alan Abelson, Bill Fleckenstein, name your own loser bear. I was and I still am playing with scared, confused, and stupid money. I don't have a real job, my wife doesn't have a real job, my teenage daughter doesn't even have a fake job (though she has been thrown into teenage interview hell). The market has provided complete and extravagant sustenance for us for several years; I've been prescient, lucky, and somewhat astute. For some subconscious reason I sold all AOL Monday morning. Lock in that three bagger but ignore the future (why didn't I think of that six bagger before I went to Vegas at the height of the mania? See AOL post #12227 for an example of my usual staunch drunken bullishness).
Could it have been inadvertent brain damage? Tainted liquor? Excessive amounts of mind altering chemicals? My naturally optimistic outlook on the future? My flashback recall of painful summer meltdowns? Who knows or cares at this point. I looked at the future and went against my instincts and have paid the price.
If I could get an Instinet quote on the chance that I'll get laid within the next week I'd play the downside. Hope the wife covers her short position soon.
I'm gonna buy 1,000 shares of SCH at market on the open tomorrow.
Yours in hideous hindsight,
C Nelson |
