Silicon Investor (SI) -- The First Internet Community

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 : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Nicole Bourgault who wrote (18126)	7/28/1999 10:40:00 AM
From: LTK007	Respond to of 56535

Thank you Nicole,and after a night of thinking about this , I came upon a compromise I sold the 2 I feel were most dangerous to hold at this moment, NPLS and EDGR,and my loss came out to be 22k. I then took 80% of that money and bought 4k shares of another stock in what my broker called "a gutsy move":)--or stupid maybe--time will tell. I now have 165,724 dollars cash in my trading account,so I think I am not in need of tears,yet:) And I remain in a situation where my target for AFTER taxes next year is quite obtainable,and that target is simply to have then the SAME amount of money I had on 1/1/99. As what I do on SI is not a savings account but a cash flow account. Thus far this year I have paid out 80k in bills and am now 30k below my 1/1/99--which means I am for the moment any way 50k ahead of the game,but nonetheless NOT a good performance. My biggest mistake was not to have enough shares of my biggest winners---CD did much better than me n HSAC because I only had 1kshares--I wouldn't be in this situation if I had going with 4k shares.Good Luck,Max figure