Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (28051)	1/28/2003 1:06:40 PM
From: pezz	Read Replies (5) of 74559

Today's report....Ahem speaking of loading up on a single position and then trying to squeeze through the door when the st hit's the fan...I sold 1/2 my position of MEDW @ 8.62 when they came out wit stty earnings.Pretty good price if I do say so myself ...Panicked right off the bat as per your advice while the others were hoping nobody would notice the bad news....or something.. Paid 8.45 for this batch and 5.20 for the remaining shs.Also sold my remaining 60% shs of FBAY @ 9.76 paid 8.80. <<n order to rip some ribs from the Mq bulls, to hedge my egotistical greed per your admonition, and to heed DAK’s advice on QCOM, I did the unforgivable:>> Himmmmm ....When did a successful maverick like yourself start taking advice from the likes of us? <<a) I purchased a whole lot of QCOM shares at 36.90/shr>> I'm Shocked!....Not that I think it's a bad play. I have no opinion but I thought you wuz too bearish for sucha thing. Despite your hedges. << QCOM drops below 35/shr in third week of July, I have to buy another lot at 35/shr, and would still be breaking even at approximately 32/shr.>> Thought your plan wuz to averaged up, not down...8^} Of course what the hell do I know as I am having my worst day in about 2 years....8^( <<you are not wrong>> LOL...Kinda luke warm endorsement.... Duz this mean that we both admit to a teeny ( your case) bit'o greed as a motivation?

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