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Non-Tech : The Critical Investing Workshop

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To: RR who wrote (28402)8/10/2000 12:41:39 AM
From: RR  Read Replies (4) of 35685
 
Steady Troops.... are u ready to execute on any pullback? Think about it. Do you have your plan?

CSCO and AMAT out. Good. DELL tomorrow. Hope good. Fed numbers Fri. Hope good. What will prop the market up after that?

Remember, lots of discussion for weeks about a pullback. Yeah we had one the past couple of weeks and rebounded nicely on the Naz, but what about the rest of the month? Get ready to execute. Don't get rattled if something happens. Remember, position yourself for 6 months from now by buying on pullbacks. Seize the opportunities.

Get your plan. Set your targets. Be aggressive, but have patience, then hit that button and execute when it comes to you. You've got to have the conviction to believe you are doing the right thing. But, none of this acting on impulse stuff. You've got to have a plan. That doesn't mean buying just to do it, on a whim, or because someone else is doing this or that. Work up your own plan that fits you, that you feel comfortable with, so you'll know when it is time to execute. Then when you do, you won't look back and second guess what you've done. Instead you will feel good and confident for why you did it. Takes guts sometimes, especially if you are trying to rebuild like I know some of your are. Hang in there. Don't give up.

I'll be buying those on my list on pullbacks. I'm still very confident the Naz will finish the year strong, especially the quality techs. Buy a little here and there. Doesn't have to be all at once and you don't have to look for a homerun each time, either.

Good luck all. Let's make some money and kick this market in the butt, what say!

RR
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