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Technology Stocks : NEXTEL

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To: freeus who wrote (3186)11/15/1997 1:36:00 AM
From: Al Gutkin  Read Replies (1) of 10227
 
freeus: I felt like crying when I read your post, memories came back.

I know how you feel, when I was 14, I worked during vacation in a mens clothing store brushing suits and washing windows. 1 week later my best friend conned me into playing pool with him. The old story, he let me win 3 games, then the bets started. When the smoke cleared I lost my hard earned weeks pay. I stopped gambling for 20 years. Then, based upon a friends advice, invested in Amdahl computers. Lost the family savings during a six hour flight from NY to Ca. Gene Amdahl sold out by flooding the market with stock. Now, another 20 years, later I have Nextel at an average of 28.5. Nextel is probably the best bet I ever made, but I'm still frightened, past memories linger.

I think the first thing for you to do is sit back awhile, don't jump into anything in an attempt to win back the money. Think of this as an expensive learning experience. Investing is gambling, better odds than Vegas, but still gambling. If you want to gamble, make your number one rule "don't listen to other people when it comes to investing your own money" Number 2 rule "don't forget the number 1 rule"

freeus: I have been reading your posts for quite a while, you're a pretty smart guy. You still have that, nobody can take that away. Get out of the house, take a long drive, really feel sorry for yourself, I mean, really get into it, get it out of your system, then, take a deep breath. You still have yourself, and YOU'RE QUITE A MAN for being able to admit that you made a mistake. You can hold your head up high!

Get better freeus

Al
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