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Pastimes : Home on the range where the buffalo roam

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To: D.B. Cooper who wrote (13015)5/19/2004 5:02:43 AM
From: Sig  Read Replies (3) of 13815
 
I'm just barely hanging in there. This has been the most vicious market I've seen in many years for the past twoo months.

What saved me was fast selling, and having a limit of losses so I had to sell even the best looking stuff. Those are the same stocks as they were, but we are back to the old days where if you mention your holdings on the Thread they are going to get trashed.

And the amount they went down is far greater than indicated by the averages

But even selling early was not enough. I had taken some profits and moved it out of the reach of the broker.

My attitude is that the days of individual "investor" is nearly over. That the pressure is on to make them turn funds over to a broker to avoid the pain. And to settle for average returns that are even less than the Market averages.

Look at the performance of some good companies, Intel, HPQ, Rambus, Csco, all downhill.

We have been in a period where even the best gets sold when any bad news hits. Just to take the profits.

And its discouraging to a LTBH holder because it could possibly have been some bad news on the company - rather than just profit taking.

At this time I have the right companies for my purposes but it is a real fight to make any gains.

The terrorists, the turnover of Iraq on June 30, the Prisoner treatment, and the election are just adding to the volatility. Provides no clear direction.

Sig@neverquit.com
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