Three Amigos Stock Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Redhead who wrote (8561)	9/9/1998 11:32:00 AM
From: LTK007	Read Replies (1) of 29382

Thanks for the cheering up Redhead!And my broker just said something nice to me,he said I am cutting my teeth on the toughest market he has seen in many,many years,he said the individual investors that have been making easy money the past long bull market are getting in some cases clobbered as they don't have a clue about playing the market in rough times. I am actually glad it is this way as a year or so from now I am intending on trading on very serious basis--and I am piling up much rapid experience---BTW if my equities still held were overall just get to breakeven I would be up 35% for the year---my anger with myself is I made two very bad entries this year--ABTX at 18 just before freefall (and I went AGAINST 2nd Opinion AVOID rating--I am learning to respect 2nd Opinion very much---and a bad timing with NEWZ in a trade attempt)The single biggest lesson I have learned is to be willing at all times to take a 10% stop-loss on stocks when in an investing for cash portfolio---but I do feel I am a far far more savvy than I was 6-months ago--I actually feel my brain loading up with lessons learned. But I do believe we must consider Fleckenstein and TICE so that if their scenario were to play out for 1999 going to 2000 we will have already done our homework and know how to adapt and profit from the situation.We must that is not form fixed notions on what the future will be,and risk our monies on a the market always coming back--of course ones age is a major factor--if I was 30 now and had a 100k I didn't need,I would load up on something like oilservices/drillers and put shares in a drawer and forget about them. I sold my TVX at 675dollar loss today and sold my ORX at breakeven as one the POG is slipping again--but I will return to gold again-- my ORX I sold because it did not fit my discipline,and that is if a stock bought on takeover speculation is not an acceptable stock if the takeover does not happen,then don't hold it---last night I found that ORX is carrying massive debt and they are rolling the dice on a major speculation called BALDPATE,the worlds tallest tower---if this were not to work out they will be toast---but this BALDPATE project is worth checking out--it is INCREDIBLE---it is on their web-site.Good Luck,Max

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next