SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Gorilla and King Portfolio Candidates
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: StockHawk who wrote (25396)5/26/2000 9:45:00 PM
From: ratan lal  Read Replies (1) of 54805
 
I'm sure you know the story about the young couple who saved for years to buy their first house in a nice neighborhood. They spent almost everything they had and got a big mortgage, but they also got a beautiful $250,000 house. The house was worth every penny they paid for it, and they were happy.

After a month of living in the house someone rang the front door bell and offered them $240,000 for the house. They thought this odd but largely forgot about it until two weeks later when someone else came to the front door and offered them $225,000.

A week later when someone else offered $195,000 they began to panic, and then recently yet another person offered $175,000. Unable to deal with fear and emotion, they sold.



U forgot to mention whether they could pay the mortgage and continue to pay in the foreseable future.

I knew many people who 'gave up' their houses in the 1990' as prices kept dropping even below their mortgages and future income was uncertain at best.

Similar situation may occur in the amrket if one has 'margin' and cant meet margin calls. Or if one 'expects' market (or stocks held) to fall substantially due to bad news (or perception) as is happening to QCOM right now. Investors are losing thousands every day and only 'good and unexpected' news will stabilize or move it up. I am hoping China will finally decide on QCOM and korea will continue to permit free phones.

Of course widespread use of wireless data will also do the trick.

Just ranting as I see my portfolio of QCOM, GMST, ITWO, CSCO evaporate.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News