SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : High Tolerance Plasticity
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: chowder who wrote (8630)9/25/2001 4:21:30 PM
From: CpsOmis  Read Replies (1) of 23153
 
>>I continue to see where people are willing to get into a stock early, willing to take a 20-25% paper loss, if necessary, to gamble that they can catch the bottom. I continue to see this type of thinking across all of the threads.

Had that way of thinking with NBR at 44 bucks (after it dropped from 60) I threw a lot of money at it, and ultimately sold for a 16 grand loss at 40. Now that it is at 19 bucks, I realize I would have lost closer to 125 grand had I 'hung tough'.

An individual that helped kill the SD thread once stated: I've noted the smarter people , the college professor/brilliant types seem to have a harder time accepting a loss when they are 'right'. Transalation...extraordinary logical understanding of cash flows, future trends, market share etc. won't help you if you are fighting a trend created by stampeding steers.

The more I have learned to take a loss (or a gain) and turn tail and run when it becomes apparent the tide is washing me to sea, the better off I have been.

(However, this same logic left a lot of money on the table a month back during the 'fake +3 AGA' debacle. However....I MAY have just preserved my capital in the process had it been true. On the other hand, I was back in shorting NG hard and heavy when it became obvious it was fictional.

FWIW...(even though I think your question was rhetorical)

Cosmo
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News