RE: Surviving
Alan,
>Having more or less "survived" the '87 situation I want to remind
>everyone that after the dust settled and the selling stopped many, many
>stocks fully recovered within weeks or months. So if you have the option
>of sitting tight a little longer you will probably be o.k.
Agreed a hundred per cent. I more-or-less survived 1987, too,
and learned a lot in the process. Then in 1989, when Iraq
invaded Kuwait and there was a "war" panic, I moved in and
made some very, very profitable purchases, such as Dell at
9, which rose to 17 when I sold it about a month thereafter.
(Okay, so I do day trade once in a blue moon. <g>)
So if you can handle it, folks, just sit on anything you've
got that has solid fundamentals (e.g., IOM), and get your
spare cash ready, if any, for the fire sale coming up.
Cheers as we gulp the antacids again, Tom (long IOM) |
