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Technology Stocks : Semi Equipment Analysis
SOXX 297.50-2.6%Nov 6 4:00 PM EST

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To: The Ox who wrote (50625)1/5/2011 10:55:46 AM
From: Sam2 Recommendations  Read Replies (1) of 95383
 
RtS has been a champion of the concept that keeping a large stash of cash on the sidelines, waiting for the "once in a decade" opportunity to come, looking for the chance to buy as the market was in a huge slide/bear market.

That is a great idea, one that I personally have "championed" as well.

But man, is it ever hard to actually do! Did I jump in with both feet in late 2008? No. I was scared sh_tless. I did make some nice buys, but I had cash on the sidelines that remained on the sidelines until much later, until the late summer/early fall of 2009, by which time plenty of stocks had already tripled, quadrupled or more off their lows!

The problem with "once in a decade" opps is that they are that way for the same reason that virtually all of us will be frozen with fear. By definition!
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