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Non-Tech : Kirk's Market Thoughts
COHR 134.64+4.6%Nov 5 3:59 PM EST
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To: rdkflorida2 who wrote (5055)10/6/2017 9:23:03 AM
From: Kirk ©  Read Replies (3) of 26422
 
Sure
Is it ok to mention individual micro/nano cap stocks here? RDK

I owned a small cap telecom fund that turned into a large telecom fund as a $4,000 IRA investment in the 1990s went up to maybe $26K then crashed to less than what I bought in during the telecom dot com bubble meltdown. It was a long time ago and I forget the specifics, I might have started with $2,000 and it went to $13K or something similar. What I recall is being a fund is no guarantee that diversification will help with downside volatility when you invest in a hot sector... I didn't take profits because the amount in the fund was still small compared to my totals after taking profits in many tech stocks I held but I've learned my lesson!

The good news is I converted the IRA to a ROTH in 2002 when I had tiny taxable income and have done well to rebuild it with stocks like AMAT. Now I'm "feeling dumb" for taking profits too early in some shares of AMAT but I'll not get caught with nothing gained if we have another sudden meltdown that nobody on this site predicted in 2007.

If I look at my sentiment, clx and other charts, the two 14% declines in 2015/16 seemed to serve as a bear market reset for the markets and now I just wish I bought EVEN MORE back then!

"Bulls and bears make money while pigs get slaughtered."
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