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Technology Stocks : Walt Disney
DIS 110.18+1.2%11:29 AM EST

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To: Jack Chen who wrote (1229)11/6/1998 9:52:00 AM
From: Jacques Tootight  Read Replies (2) of 2222
 
No you won't.

You make a very poor assumption of the trading discipline of the posters here Mr. Chen. That's a very broad brush you are painting with. You assume that neither Mr. Kim, nor I, nor anyone else, I guess, has the discipline to execute a planned trade.

I have a price of $25 set for DIS. This price was made upon my own determination of what I feel to be fair value. If DIS hits my price I buy, if it doesn't, I don't. If it never comes back to my price I never own the stock. It is, after all, just a stock. There are at least a dozen others on my current watch list I would be just as happy to own. When DIS goes to $40 I'll never cry that I should have bought at $30. It wasn't part of my plan.

Your post would seem to indicate that you have been caught in the stock price chasing game. You've been left with that woulda, coulda, shoulda, feeling. A disciplined investor doesn't chase prices and doesn't get too emotionally attached to any company they own. Stocks are used to increase assets. Plan your trade and trade your plan. If it doesn't come together, there will always be another one. That's the beauty of the market. Tomorrow always brings new opportunities.

Cheers -

RC



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