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Non-Tech : The Critical Investing Workshop

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To: TARADO96 who wrote (27005)7/29/2000 11:12:01 AM
From: Venkie  Read Replies (1) of 35685
 
Very good post
I to am waiting for the 3300/3200/3100 range to start taking positions...of course I will look around me to see which way the wind is blowing.It will be difficult to catch the exact bottom as it is to know he top.If I can come some where close then another double my money in a flash is clearly possible.I hv been around long enuf to step up to the plate when everyone is headed from the door. Aprils lows caught me off guard and I paid the price but I eventually learn from my mistakes.We get caught up in the hooplah of getting rich quick that we can't see the forrest from the trees. Its the American dream
The old days of trading hv changed and we either change with it are drown.We are swimming in shark infested waters<house's> and if we don't learn swimming lessons then we drown. I hv a shopping list of the greatest companies in the world and I believe with all my heart and money that we are going down hard b4 we go up much.If I am wrong then so be it.I hv had a great yr and I am still a winner. I went 95 % cash yesterday...and most of my holdings weren't feeling the effects from this wks 10% correction.The best are always the last to really fall because its that old buying opp bullshit ...over and over.Insanity is repeating the same mistakes over and over expecting a different result..To hell with the taxman..I don't tell my job to hold my ck because I can't stand paying tax's. Buy low and sell high is teh game plan to make money in this mkt.
I had to look the truth in the face and do what I think is right..I can't remember the name but there was a lady who sold everything she own the day b4 the 1929 crash and everyone thought she was fool who just got spooked ...Needless to say when the buying opp came ...she was DA Queen and I am sure that her family reaped the rewards for generations to come.Following a herd of sheep to slaughter is the normal way of mkt reactions because misery loves company. If I loose then I hv only me to blame and I hv lost a few...baaaaa baaaaaa baaaaa...no more
Good Luck and I will see you at 3300...I won't go for the sucker rallies or herd mentallity...I will be the one SCREAMING YHOOOOOOOOOOOOOOOO...LET HER RIP BOYS
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