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Strategies & Market Trends : The Art of Investing
PICK 45.50-1.5%4:00 PM EST

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To: Sun Tzu who wrote (452)2/22/1999 10:17:00 PM
From: Stuart C Hall  Read Replies (1) of 10601
 
Sun,

Sounds like you should get into cash and wait for the long opportunities to be offered in our correction.

If it ever happens.

I think the fact that DELL has bounced back and held above 80 shows the conviction of the average tech investor to ride this out.

I'm reading Livermore's book and he said that the number one thing that sunk most investor's returns was the opinion they had to be actively trading to make money. His losses came when he didn't have 100% conviction in his trades but traded nonetheless to be active. He also said his biggest returns were from long positions although he did play shorts to the hilt.

Just a friendly reminder from the sidelines.

Stuart
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