Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Ed Forrest who wrote (998)	1/19/2000 1:00:00 PM
From: jmac	Read Replies (2) \| Respond to of 35685

A very long term investor should do nothing. You are right. I am a long term investor who doesn't like 10-20 point swings in a stock that just split 4X. I want to diversify a little. That's all. But, we'll see. I don't have to sell. I am not on margin. I may decide to swap out the stock for some April 120 calls. I just want some peace of mind on the downside risk.

To: Ed Forrest who wrote (998)	1/19/2000 1:15:00 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 35685

perhaps strap on a hedge sell some atmoney calls or buy some atmoney puts possibly both, my favorite (cashless 100% hedge) but only after a decent run I hope I dont get greedy volume remains strong, Q not reversing looking good today / Jim

To: Ed Forrest who wrote (998)	1/19/2000 2:14:00 PM
From: im a survivor	Read Replies (1) \| Respond to of 35685

<<<<So, what's a very long Q investor to do? >> jmac The wise thing,NOTHING. :) Cheers Ed >> C'mon Ed...you don't mean that for one red second. Quit pulling jmac's leg..........The wise thing is to BUY, BUY BUY....on any dip. The leaps look great...a no brainer. To be succesful in this market you should be selling when others are buying and buying when others are selling. Ya know, we all know the basic investor 101A rule...BUY LOW SELL HIGH. I mean, it is the first thing we all heard when getting ready to invest our very first dollar. Yet for some reason, 85% of the population does the opposite. They see something up 1500% this week and want to get aboard, so they buy high. It crashes to earth, they panic and sell low. Why does this phenomenon happen? It is a combination of things. 1) It is human nature to be greedy and want to jump aboard something that has risen greatly, and adversely, we panic and human nature forces us to sell when things look bad (2)Because this is exactly what the houses want and how they want it. They are aware of how human nature effects people. A simple hint of interst rate, correcion and etc, etc, and they create the human nature turmoil and here we have a complete cycle. Folks, be smart. Stick to the 101A rule...buy low, sell high...there is a reason it was the first thing we learned. JMAC...relax my friend. In 2 years you will wish you had bought 10 times the qcom you currently hold, so quit sweating the small stuff. If your not going to take advantage and buy low, then at least relax and hold your shares and quit worrying so much. If the story doesnt change, Q shareholders have not much to worry about long term.