" The paddy wagon cometh"
Listen guys, I really thought I was a genius pulling over a $100K out of the market in August because I was/ am a Bear and believe that the market is going to go a hell of a lot lower. when someone like tom Dorsey is saying that his long ter price target on AOL is $30. it gives one pause.
Now I have committed an egregious blunder.
Because I got wind that several hot shots at firms such as JPM, Sanford Bernstein, Bear Stearns, were opining that IATV was "the one". I reverently used most of my cash reserves to load up for the big one i.e. the ball park home run in IATV. Guess What. It hurts, and I could sell hre, too because in my gut I think it will go lower. I am sure thoug that there are those in the wings waiting to buy IATV big time when blood is running through the gutters of NYC. Now what do I do. My downside from here is probably to $8. Ouch!! Yeah, but that's what I honestly think, But my upside... I believe.. may be 100, 200, 800. I don't know. I am not on margin. My husband and I make good money, and I know it could get ugly. the market makers are not going to give me a decent price, and I hate them, so I am not going to give them my stock cheap, and maybe the market will go to 8500-9000 Kahuna-like and Iatv will only go to 11 or 12. I am resigned. It's really not so bad. There will be a future, only its probably is not now. I'm a chump, I also own the same T stock that was at 65 a few months ago, and is around 42 now. BWDIK |
