Formerly About Applied Materials Message Board

STOCKTALK

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 : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: michael97123 who wrote (65002)	7/23/2002 6:08:16 PM
From: RMP	Read Replies (1) of 70976

Mike, I feel you’re your pain and hope the market is at or close to a bottom. On the other hand I remember my first two stock purchases in the early 70’s. After the loss then it took me 10 years before I put my foot back in the water and then used protective stops to limit my downside (did this with Citibank at around 14 and sold it lower at apx 12). Only after making pretty good gains did I foolishly abandon the strategy of cutting my losses and started added to positions as prices eroded over the past couple of years (buying the dips). Thankfully, I never used margin nor was I ever fully invested. Those were the good old days when investors thought they could do no wrong, myself included. Investor psychology is now as bad as I have ever seen it. Most people hate to admit to owning stocks and are ashamed of having huge losses. At some point in time all this will change. I just hope it won’t take 10 years. I am still buying but am scared to death. Just picked up some Citibank today, MSFT yesterday, and WBSN last week. I have lots of semi/semi equipment stocks that are all under water except for my TXN and hesitate adding more from that group. In a few weeks my son and his wife will be coming to NY with their new baby. That should help keep me from dwelling on where the market will be going over the short term.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next