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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Joshua Corbin who wrote (872)11/22/2000 3:20:43 PM
From: tradermike_1999  Read Replies (1) of 74559
 

Lets not talk people into doing that again.

…and let you talk them into selling instead? Protecting gains is one thing, but paper losses become real looses once you hit that sell button.

Paper losses are REAL losses. You are kidding yourself if you think they aren't. I've been telling people to sell since before the market crashed in April. Those who listened are better off then those who didn't. This thread was started on October 31. Anyone who sold on that day would be much better off, having not been hurt by a 20% collapse in the Nasdaq bubble which will be going lower over time.


Since you have come on this thread you have repeatedly said everyone here is wrong because this is the bottom.

I did no such thing. Read my exact words:

"No one knows if the market will be up or down tomorrow, next week, or next year. This business of bottoms and tops only serves to feed stock brokers and tax collectors."


Then I don't understand your logic. You attack me for telling people to sell because this is the bottom. And then you say there is no way anyone can know if it is the bottom or not. I don't understand your line of reasoning. If that is all there is too it then it is useless to listen to what you have to say because you claim you have no idea where the market is going. Might as well flip a coin. If there is more than that than I'd like to read it.
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