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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: j.d.robbins who wrote (1683)	9/4/1999 11:22:00 AM
From: ahhaha	Read Replies (2) \| Respond to of 15615

Book a GTC LIMIT order at 24 7/8 AON to sell x shares where x is the quantity you own. You may also just sell long during next week's very brief rally. I suggest you book according to the above and then if you don't get picked up next week, then consider blowing the position out. That means sell long and forget about the loss. Maybe one day this stock will present a buying opportunity, but you don't buy or hold on the way down. The stock must base and the company must prove they can hack it. That will take something on the order of a year. I suggest completely ignoring this company. Once burned, don't go back. You have to preserve your psychology even more than your capital. You don't need much capital, but you do need a good attitude. That comes by finding a new girl. There are plenty available though you may have to look in places you wouldn't dream of looking to find winners. Remember that there is always something better to buy and there is a time to hold big cash. After the drubbing you have been through it is wise to cease operations and sit on the sidelines holding cash until an opportunity presents itself. As long as you keep getting the urge to buy something, you have to stay out. This is how you accumulate psychological capital: by controlling yourself and denying your greed. When you think that opportunity has arrived, ask me before you plunge, because the secret for the foreseeable future is to stay out. And when you finally don't want to buy stocks because it is obviously the wrong thing to do, time to ask me again. Preservation of capital is the first consideration. That also will go a long way to preserve your psychology.