OT: After reading your post, guess it's time to quit lurking. I too am a newbie. Woke up 1-1-99, decided I wanted to learn and invest in technology. (Quite an endeavor for a former science teacher.) Friends rolled their eyes, but my husband said go for it. I've worked harder than I ever expected. Luckily I stumbled onto SI this summer and found the G & K and qcom threads. After doing lots of dd and reading all of the posts, I built a nice little portfolio: qcom (58%), followed by jdsu, gmst, csco, gblx, and ntap. (Voltaire, I think some of your angels have been helping me too.) (And yes Uncle Frank, I've read the book, highlighted the important parts, taken notes, and so on. Some day I'll get the courage to introduce myself and thank the wonderful folks on your thread.)
To all of the thread elders I want to say thank you. I am learning so much. And thank you for explaining HOW the market works. Especially now. Because of you I can look at this correction calmly. After a few glasses of wine tonight I even wired some more money into my online account. If it gets there in time, I'll do my best to shore up our favorite stocks.
On my computer I have taped two quotes. One by Peter Lynch (Thanks Tekboy)..."A decline in stocks is...a recurring event...You know its coming and you're ready to ride it out, and when your favorite stocks go down with the rest, you jump at the chance to buy more. The other quote reads...easiest thing to do--take profits! Hardest thing to do--double up!
Nick, Stay the course...(but then again, would you be wise to listen to me?)
What do you think, Uncle Frank? Have I learned anything? |
