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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (38718)10/18/2000 11:35:08 AM
From: KevinThompson  Read Replies (1) of 57584
 
Agree that the worst ANTC pounding is probably over. I have a few select stocks long that I see absolutely no reason to get rid of at these ridiculous prices - even though my positions are already well under water.

I am trying to remember how ugly things looked last Oct., and the Oct. before that. How that the world was come to an end and that if you were long any positions, you may as well just throw yourself out a window. Remember? I was hurt in '98 by that thinking. '99 came along again with the same scenario. But I didn't get hurt in '99 - I changed the behavior from panic to patience. This year, the ones that I'm holding that I should have sold earlier - I just don't care about anymore. If they recover, Great! If not, oh well... I think in times like this, you just about have to take that attitude. Selling out positions at panic times is the surest formula for losing capital. If it is mortgage money you're using - then you're already a loser, but if it is only speculation money - then best course is to just wait out the market in this season and stay unattached.

I am trying to remember the catalysts in previous years that changed this market mood - keeping an eye out for anything that resembles them.

Best Regards,
Kevin
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