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Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%Nov 14 3:59 PM EST

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To: Chuzzlewit who wrote (24702)12/11/1997 10:06:00 AM
From: James H. Irwin  Read Replies (1) of 176387
 
I did not intend to ascribe those commandments to Wm O'Neil. Those were gleaned while in the brokerage industry...from an unnamed source. I know a few who would like to take credit. I do not know your background so in the spirit of knowing one's audience I am at a disadvantage but here goes:

In regards to stocks having no memory: implies that "xyzz" corp. has no recollection of you, the investor, whether short or long, is involved.

Further, so as not to get to lengthy, the key is to cut your losses and let your winner run: your last paragraph I agree with, but what is a "quality" company, AMAT?, try going to the butcher for a Filet with your $50 stock and say hey what do you mean its worth less than $30. Use any tech stock you want as of late.

In closing the Commandments were meant to be a guideline like anything else. I don't profess to know anymore than anyone else...and from the posts I've read on this thread, there are individuals who have forgotten more than I will ever know in their respective fields. However, I do have more than a decade and a half of making mistakes...and learning from most of them...I still commit a few...usually when I try to "invest" in companies selling myself on their respective virtues, when the market doesn't give a ____.

Enough said.

Happy Holidays
Bon Chance.

Jim
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