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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST

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To: RetiredNow who wrote (3791)12/2/1998 10:29:00 AM
From: Lutz Moeller  Read Replies (2) of 4509
 
Well mindmeld,

I had a week moment. So now the next Ferarri is gone. I shall still drive my 1996 Porsche 993 and lick my wounds.

The previous Years I held dead fast through the downturns, anxiously waiting for a margin call. This time I thought to be smarte to sell at the next big dip. Well I did, only to see the market recover the last days losses. I hope I have the strength and patience to really wait till the next bib bottom, to upload cheap. Those small cap high growth stock are turbocharged in both directions. When they rise they are fantastic. When they fall they sink like the Titanic miles deep. I have witnessed many 30, 40 or more than 60% drops at full margin, unable to shop. Maybe this time I am luckyer.

Regards Lutz
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