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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Daniel My Brother who wrote (19563)	7/31/1999 7:22:00 AM
From: Jock Hutchinson	Read Replies (1) \| Respond to of 25814

Daniel: The one piece of advice I would give you is to ignore the price that you sold LSI at. That should be meaningless as to what your entry point. It is possible that your retracement entry point might be 55, and it is possible that your retracement entry point could be 38. The reason you sold over a month ago made no sense to me (a slight retracement that happened to coincide with the fact that it fell below your original entry point) As a consequence, you would now need to enter the market at a higher price--plus you need to pay one half of your profit at the short-term tax rate--so in essence you will be paying taxes twice over the next year (or whenever you next divest of your next purchase) if you buy LSI (or anything else and make a profit). Worse yet, you have waited long enough that you don't get the benefit of the wash sale rule. All of this because you made one of the most common mistakes known to amateur investors--you held onto your losses forever, but the moment you started to make a profit, you got nervous and bailed out. Over time, this is an absolute formula for "achieving" smaller than average gains.