SI
SI
discoversearch

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: Dealer who wrote (2075)2/2/2000 8:01:00 AM
From: im a survivor  Respond to of 35685
 
<<Good gosh! Is that real hard to understand that a person cannot continue to buy if they get their t___ caught in the wringer when the market goes down.

Does this help you to understand why a person might not buy as the market goes down?

I would not respond but you continue to say that you cannot understand why someone does not buy when the market goes down.
>>

Yes, I very much do understand that many people are not in a position to buy when things are down. If I said it in that context then I apologize. Yes, I think you should buy quality when it is down...no doubt about it. My point however was moreso simply about the emotions involved. OK, if ya can't buy, then don't, but certainly don't let one day or one weeks' action, cause you to have a freakin stroke because the emotional roller coaster has brought you up and down so many times, you dont know what day it is anymore. I mean plain and simple...if you believed an hour ago, and the individual story has not changed, then why panic an hour later because of a simple move down. I also pointed out that I was talking about many obviously smart folks....I certainly was not talking about everybody, but I find it hard to believe that 85% of the people on this board...most all who are very intelligent, all are so margined, or in debt, that they have to panic at every down turn when they know better. Sure if your margined to the hilt, if your kids college money is riding the line, if your house is martgaged and in the stock, then yes, I can see why you would panic, and with good reason. However, I again point out my post was not directed at anybody, but sinmply to illustrate the point that emotions are very strong. 85% of the folks on this porch were euphoric one minute and in panic mode the next. I doubt very seriously that all these fine folks have their houses doubled mortgaged and sitting in this stock. In other words, yes, I know there is reason for some to panic, but I find it interesting that those that don't need to panic and know better, still let the markets control them.

My post was not meant to disrespect anybody, so if anybody was insulted I apologize. There is nothing wrong with how people act...the majority of folks do this...it is only natural...and I am no exception. I learned alot the first time I turned to muuushed, and now I simply use this time to my advantage and do not panic. Now, if things were to get real, real bad...then maybe you would see some fear out of me, but not over a normal, healthy correction.

Great day

Keith