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Pastimes : ASK Vendit Off Topic Questions

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To: Vendit™ who wrote (17950)	1/7/2001 12:01:23 AM
From: Spreck	Read Replies (2) of 19374

Hi Reid As I have given back so much of my prior years gains I have been gun shy to do much of anything. Every rally seems to only achieve another new low. At every chance my trading partner wants to try and get back in as if to try to find a bottom. Each and every time I have chosen to stay out and every one of our guesses has resulted in trading losses. So my cash accounts are in cash and will stay there. Abby Joseph Cohen once made a commentary on t.v. during a market event. Her Famous Quote the was is this an Market Event or A Economic event? The most naive investor knows this trip down is no Market event! This is an Economic Debacle in my mind. Just my opinion. And I seem to be gettin more scared all the time. The QQQ's that I am holding in my IRA are killing me and seem like they are just gonna get worse. So I have a lot of sideline cash and am plenty happy that I have kept it there. I have sustained substantial losses and lost the ole flare for trading completely. I am watching and waiting for better times ahead. Keep up the good work. Spreck

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