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Strategies & Market Trends : Don't Drink the Kool-Aid Kids

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To: Stoctrash who wrote (569)5/9/2001 8:55:37 AM
From: im a survivor  Read Replies (1) of 1063
 
Agreed.....

Things could start to get ugly for the market. I think so many people are anticipating a sell off after the fed meeting, many will sell and run earlier.....we'll see anyway.

I sure would love to see naz 5000+ again. I've gotten over the pain of the losses incurred by not selling when we were above 5000 on naz, but it still boggles my mind when I think how different my life would be, had I sold out back last january/february 2000. I would be 100% debt free with far more money in the bank then I have now......that just boggles my mind....could have paid off house and everything we owe money on, and still had 3 or 4 times the cash left over, then I have right now. Margin is a killer. I was sucessful turning a small amount of $$;s into a large amount of dollars by using margin and loading up on the dips.....that worked great until last year of course. Then the great dips we got turned out to be bull$hit, and we kept going further and further down. I remember thinking no way we break 4500....then 4000....to think 3500 would break was preposterous....then, no way we break below 3000.....and now look at us....talking about being overbought and due for a selloff at 2250.....simply mind boggling.

It's gonna take alot of years to make up for last year....alot of years.....

keith
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