To: Dr. David Gleitman who wrote (60480 ) 1/7/2000 12:44:00 AM From: Tunica Albuginea Read Replies (1) | Respond to of 152472
Dr.Gleitman, I 'd like to help, don't know if I can but here it is: -agree that drug stocks and biologicals aren't going anywhere.We'll be using out of patent generics.They are about just as good anyway, <vbg>. Those looking for refuge in drugs are kiddin' themselves. At $55 LU is a hell of a better " protective play " than drugs. -"Margin Call". Remember: you never lose money in the stock market until you actually sell. If you get hit with a T-call tomorrow, you'll have till Wed to pay. You can liquidate Wed. equally well as tomorrow. *DON'T SELL TOMORROW. repeat: *DON'T SELL TOMORROW. especially: *Don't sell AT THE OPEN tomorrow!! - I will wager you that by Wed we'll be back up to 150 and your loss, if any, will be much smaller. -If you can you MUST buy tomorrow. I intend to average my $143 price down to whatever and increase my overall QCOM position by 30%. -My hunch and my crystal ball tell me we'll be up smartly next Mon though Wed.Remember, the Wall St. Jour. has repeatedly said that NOBODY knows what the inflation-producing rate of employment is ( or as is technically known: what the "NAIRU" rate is for Non-Accelarating-Inflation Rate of Unemployment ). Used to be 5.5.Then 5%.Then 4.5%. Now it is 4%, but we don't know. Congress can very well pass a law allowing seniors to go back to work without endangering their Soc. Secur income and we'll have a nice group of people back to work.As well they should.It will help pay for their increasingly costly Health care which is now paid out of borrowed money from their children, grandchildren and the unborn. There it is David. Bottom line is wait till the very last 10 minutes to pay your margin call. If possible get another mortgage and buy QCOM :-) I am not kiddin' good luck back tomorrow, TAMessage #60482 from Dr. David Gleitman at Jan 6 2000 11:53PM Regarding HMO's and drug stocks. Just to let everone know that HMO's are reading the riot act to panel doctors to steer away from the more expensive prescriptions. Going to be hit with a large margin call tomorrow. Now to contemplate some damage control, perhaps sell part of my positions and convert them over to leaps. The problem is that stocks can be bought on margin, leaps/options cannot. Strange how euphoric I was in the beginning of the week thinking that we have about another 2-3 weeks of growth and then I'll reconsider my positions. I swore to myself that I wouldn't make that same mistake of riding AOL all the way down as I did last year to ever happen again. Well, it's happening once again, and it's not just with AOL, and it does hurt. I'm getting whipsawed so badly, I'm thinking of installing air bags in my next notebook PC. Now if you'll excuse me, I have to get back to my $5.00 copays........ Zantac/dramamine/prozac anyone????????