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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: Marshall001 who wrote (102470)5/3/2000 8:22:00 PM
From: If only I'd held  Read Replies (2) of 108040
 
I hear ya loud and clear. In fact, I already knew the outcome when you said he was holding 3m in stocks....before I read the last sentence. Hell, I can see the horror in his eyes right now as I type this on that fateful day when the biotechs got whacked and it took hours to figure out the culprit (Clinton) and 2-3 days of saying....that shouldn't affect my stocks.....this is the bottom here....how the hell can I unload 50,000 shares of this stock when they won't touch it....hehe. I don't know the guy you speak of, but I can tell you.....I know the feeling.

Lots of folks got whacked hard in all that mess....think about it....TRAC, PILL, ENPT, CEGE, the list just goes on.

Let me share something with everyone...when you are making real easy money and it feels like you just can't lose.....and your portfolio goes from having 3-4 stocks in it to 15, 20, +....and you find that you are up 2,000% in 6 months, and you start noticing that you feel real good about using margin as a tool to increase your wealth.....
but you are having a hard time finding anything that isn't already up 100% for the year...............

Sell like hell and go short.....just start shorting everything that pops from there on out and stay short. Don't even look back at all those stocks that you made so much money on and you built big positions in....unless it is to short them for going higher.

That's hindsight there....and an expensive lesson learned. As soon as the market hiccups, run like hell.
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