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Strategies & Market Trends : Rande Is . . . HOME

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To: American Spirit who wrote (49316)	3/17/2001 10:04:27 PM
From: George Schulte	Read Replies (5) of 57584

American Spirit or any and all on the thread I know alot of you do not like to give advice but I have been stressing over the correct decision to make regarding my portfolio and would appreciate any thoughts on the following situation I know I was stupid to get in this position but would like a little help with the decisions that need to be made the problem is this I was a new investor 2 yrs ago and put 80,000 in Ameritrade and being foolish used all the margin they would give me in purchasing tech at one time was up over 50,000.00 then the Nas started dropping I felt like I had always seen the bottom put kept catching the knife I Continued to feed the ameritade account to keep one step ahead of the margin and used up all of my $$$$$ doing so now I sit with a margin balance of 40,000 liquidation value of 55,000 left out of 128,000.00 there is very little cash left except the 55,000.00 value in Ameritrade I guess not being expierenced enough I think if I pull out now the mkt will turn and I might get some of my 73,000 loss back if not all following are my positions and the # of Shares needless to say they all show losses 300 Sh ARBA 500 shares of C 250 GLW 200 HD 500 JDSU 500 NOK 250 NTAP 500 Sebl and 300 WMT I feel that all of these will come back but in a steep downturn the Margin could eat would it be smarter to sell out and keep the 55,000 of course I probably will not have that Monday am or try to ride the storm and hope the turnaround will come I know the mkt has made my life misserble but I feel selling JDSU at 22.00 or NTAP at 19.00 would cinch my losses and that would be the end of course if the NAS were to go to 1500 as some has suggested there would be none left nad no $$$$ to get ant back Thanks for listening and sorry for the long post I know the stress of something like this can have an adverse affect on health Family and everything but it is hard to try and call it quits in the hole P>S My home is paid for but all retirement except about 50,000 more is in the mkt Thanks again and good luck to all George Schulte

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