Tech Master, et al
The silence is deafening on a day like today. This is the kind of day we need to be communicating, instead.
I'm down $40K today alone. Why? Because I have large chunks of NASDAQ tech stocks that took a severe beating....ASYT, ASMLF, CYMI, PSEM, and some others. I've taken big hits before, both up and down and I can ride these out, so I'm not complaining or looking for sympathy. Rather, I'm trying to make some of you feel better by comparison, and also to stimulate some dialog here.
However, I must admit I'm starting to lose some confidence in the market, and this is where the rest of you come in......I'm asking myself:
1. How much more can these stocks lose?....I thought I already bought them at a major discount.
2. Are these truly good stocks that will pay off down the road?
3. Are they oversold? If so, does it make any difference in this kind of a market?
4. Should I be selling some of them, hoping to buy them back cheaper in the future?
5. Or, should I be buying more, averaging down?
6. Do I really know ANYTHING about this markets future?
Rigor mortis starting to set in, but doubt if I'm alone. Anyonewant to discuss the above issues?
Regards,
Knip |
