To: Valley Girl who wrote (34725 ) 11/24/1999 12:38:00 PM From: PMS Witch Read Replies (1) | Respond to of 74651
As usual, your post(s) receive my full attention since they are well reasoned and thought provoking. I would've liked to trade with foresight as accurate as hindsight, but I don't have the needed vision; however, quite a few on this thread do. I acquired my big margin position from having CSCO puts exercised against me in 1994. At the time, I decided to keep the shares and find some other way of paying off the margin. It took five years, but finally the debt's gone. I'm pleased with how those shares have appreciated. I wonder how the guy who 'put' them to me feels today. (CSCO's made a new high.) So, something had to be sold, and I sold DELL. Since it's not where it was when I sold, I've had a year of feeling pleased with myself. I'm glad you include tax consequences in in your posts. Tax is such a large consideration, it should never be overlooked, but still, some people forget this when they trade. As a Canadian, I'm whacked by a bigger stick than my U.S. neighbours, so my vigilance in tax matters is rewarded even more. I'm also in the process of re-gaining amateur status so the 54% I send to Ottawa drops by 20%. I'm 'concerned' about the immediate future. It's been quite a while since we've seen the market shake-up (out) our weaker hands. When things get bad, they'll be lots worse than anyone today imagines. I don't wish to be harmed, and I'm willing to leave some profits for the more courageous. Anyone making profitable trades today deserve their rewards. They're welcome to them. I look in the mirror and I see someone who is much better at taking appropriate action in bad times than recognizing that current good times are near an end; hence, I tend to get out (too) early. I prefer this to getting out (too) late. I don't think we are in much disagreement. It's just that you're better at expressing your thoughts in your posts than I am. Usually I take three or four posts to get my ideas across correctly. By then I've lost my motivation to post, as I'm sure others have have lost their motivation to read. Looks like we're having an OK day today, and a holiday tomorrow. Hope we all enjoy it. Cheers, PW.