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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: orkrious who wrote (182708)7/23/2002 9:21:48 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
<<Remember what I've said all along -- "In a primary bear market everyone loses, but the winner is the one who loses the least."

People are being wiped out by the thousands by this bear market. Do not be greedy. If you have to take a loss take it. The first loss is the best loss. If you are down 1% or 5% or 10%, believe me, you are way ahead of the game. Take whatever loss you have to take, but get off the track. The Wabash Cannonball is coming towards us at 120 miles per hour, and the brakes have burned out.

As I've said repeatedly, the IMPORTANT THING IS NOT TO TAKE THE BIG LOSS. I'll repeat this again -- do whatever you have to at this point (if you haven't already) so that you will AVOID TAKING THE BIG LOSS.>>

Superb advice...and really all anyone needs to know about investing for the next 6-12 months, IMO.
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