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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (10185)	7/29/1999 6:23:00 PM
From: Bucky Katt	Respond to of 57584

I bet this outfit was one of those daytrade boiler rooms that loan you 10 times your buy in capital. We talked about how dangerous this was many times. So, this guy snaps, having most likely been wiped out. And we haven't even seem a rout in the markets, this is just a little bend in the road. What might happen if she really starts dumping? accessatlanta.com Our security picks will get some action.

To: Rande Is who wrote (10185)	7/29/1999 7:48:00 PM
From: Rock_nj	Read Replies (1) \| Respond to of 57584

I agree Rande Is and William. The margin money is just too easy to come by. I couldn't believe that my brokerage firm was willing to lend me twice the amount of money that I have in my account. I rarely dip into the margin (I guess I'm an abberation). I certainly have learned a whole lot in the past two years (and continue to learn more every day), and shudder when I think about how I could have blown all my money as a result of my overconfidence and inexperience in the past. Greed is not good. Greed can cause people to do really irrational things (sometimes even murder). They should change the laws, so margin money is harder to come by. Thanks for your thoughtful post Rande Is. As always, well spoken.

To: Rande Is who wrote (10185)	7/29/1999 9:34:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

I am on margin now. Have been several times when I've felt deep discounts available. But of course I'm aware of the risk. At least short-medium term some of my stocks could tumble. But I bought them all because I believed they were values where I bought them. Right now, I'm only down $4,000 from April. On a day like today it's easy to kick yourself for being in the market but look what has happened so many times with quick comeback rallies. And even today three of my stocks went up nicely reducing the paper loss. Down less than 2K today on a tankarama. Margin itself is not evil. Only if you don't know what you're doing or buying or have no sense of where the market's been or where it might be going. I see about a 5% downside risk right now. We all have to use our gut and trade as we believe (and understand). You're in gold now and may make a killing but I wouldn't touch gold with a ten foot pole. Doesn't have any meaning in the world economy anymore. Inflation fears are mostly overblown. Gold isn't necessarily even an inflation hedge anymore. It's only useful for jewelry. The British divestiture tanked the price so maybe it's way oversold, but I don't see gold having any role in the "new paradigm". If I were you I'd take my winnings and get out soon. Before some other country decides to dump its reserves. Like Russia again, or whomever. On the other hand, maybe if China devalues gold is a good place to be. Those Asians love gold. They are the last gold bugs in the world. Good luck trading but I'd rather hold a sold-off major drug stock right now than a gold mine stock. And select small caps are going to continue to make excellent moves. As I've said before, the art is picking the bottoms. You picked the bottom on gold apparently so congrats. I hope I've done the same on some of my picks, like BEBE today at 28. We'll soon see. PS - Still think the market's going down, down short-term? Or the yoyo market?

To: Rande Is who wrote (10185)	7/29/1999 11:59:00 PM
From: Wayne Jackson	Read Replies (1) \| Respond to of 57584

"This is truly a tragedy. . .and one that should be addressed by securities regulators. I don't believe in margin accounts. . .and ESPECIALLY not in daytrading. You can have your broker place restrictions on your own trading accounts. Never "trade" more than 10 percent of your total portfolio. . . and never place at risk more than you can afford to lose. And remember. . .daytrading is a form of gambling and can be very addictive. If you think you might have a problem, please call Gamblers Anonymous." Hey RandeIs, can you get off of your soap box now? Yes we all know it's a tragedy, and believe it or not we can "regulate" ourselves. And even though you may think anyone outside of such a wise sage as yourself is incapable of avoiding the tempting pitfalls on wall street you're wrong because nearly everybody has the instinct not to commit some sort of financial suicide. If you're making mistakes and it's costing you money then you learn real fast not to do make them again(like when I used to get stock tips from this thread.)Anyway, your post is the most disgusting, self righteous one I have ever read on SI. Yea, that's what we all need, a bunch more federal regulations. Puhhleeeze, this is the kind of crap we're going to be hearing about on 20datelinehardcopy20 for the next couple of weeks, why start it here?