To: Don Green who wrote (26226 ) 8/3/1999 12:07:00 PM From: John Stichnoth Read Replies (1) | Respond to of 93625
As I said so MANY times you can't say you weren't warned by me and many others. Don, this is getting silly, and maybe a little annoying. 1. A number of people on the thread did indeed get out above 100 in the latest runup, and posted the fact when they did so. 2. Simply because someone did not exit does not mean they did not expect a retrace. The move to 117 was so quick of course there had to be a correction. Some people are long term investors. I am one. I will readily say that I do not daytrade. I buy a stock with the expectation that I will take a capital gain (or loss). I could say that I am not smart enough to daytrade. I will say I'm not equipped to do so, either in a Level 2 feed and software, nor in temperament, nor in training. Because a person does not trade short term does not make them wrong. It just means they have a different style from yours. 3. The history in your profile doesn't go back far enough to tell when you first warned that Rambus was over-extended (presumably that would have been the level at which you sold). So, I'll have to trust you. When did you first "get out" of RMBS, in your virtual trading? (I recognize that you don't actually hold any RMBS, from your earlier post, but you are here to help us ignorant persons on this thread, which I very much appreciate). 4. When would you get back in? Careful, here! If you set your number too low, you may be stuck watching from the sidelines for the whole time. That's what my brother-in-law has been doing: From $55 all the way up to $117 and now back down, he's made all of $5! I look forward to a recap of how you've done. Best, JS