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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (20411)	2/13/2000 7:41:00 PM
From: Logain Ablar	Respond to of 57584

Rande Is: CORL in PnF it just broke a quad bottom and its bullish support line is @ $16. Technically it should bounce there. Long term well we'll have to see if they've improved as an acquirer. Probably why the stock has recently dropped. In reading your post to American Spirit there are many similarities with my investing over the past year. If I had bought and held or at least held a little I would have been higher than today. At the same time one can't know how well the stock will do and sometimes it is better to take gains (and pay taxes) than ride some of the highflyers thru a 50% correction. The benefit of SI is being able to learn from others. A recent lurker. Thanks for letting me comment. Tim

To: Rande Is who wrote (20411)	2/13/2000 8:02:00 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Rande Is: Outstanding post (#20411). This is THE single best lesson I learned from following this thread. Watching your untraded long portfolio outperform all of my "clever" timing and trading was humbling but has served me in good stead. Since October 1999, I have made only one trade in my core taxable (long-term) portfolio, selling AOL after the merger with TWX. We trade too much and are our own worst enemies.

To: Rande Is who wrote (20411)	2/13/2000 8:11:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

Thanks for teh replies, guys. Yes I know one must accept what is and sometimes admit one's mistake and get out. Getting attached to a stock emotionally with some former goal stuck in your mind can be costly. My problem now is that I;'m afraid if I admit mistakes and take the losses those same stocks might shoot up soon, because psychologically you only capitulate after you haev taken a large loss on paper. So you really have to watch your own behavior and learn from it. Or say take half the losses and diversify out of loser sectors. Or maybe even sell everything and take a breather until there's a nice sell-off to re-buy. I'll think hard about what to do today. Maybe I will shave off a few losers and take some early tax losses. Go back to some cash and wait until my emotions are clear again. It's just tough to capitulate and sell when you think this might be the rock bottom. Therefore it's a guessimate. - Speaking of my great picks from last year like ORCL, WIND, CIEN, COMS etc., remember that when I held them the threads were full of bears calling the stocks worthless and in big trouble. So that's confusing too. When a stock or sector is down all you hear is bad-mouthing. Anyone bullish on the thread gets put down and drowned out and made to look foolish. Sell LU at 53? BEBE at 14-15? MXTR below 7? Remember not long ago these stocks were 20-100% higher. So why can't they retrace? Selling at the bottom is why I lost on ORCL and made only a small profit on WIND and QCOM. On the other hand it's easy to post positively about a stock that's way up. Two months ago LU was considered a big winner. I sold some at $80 and some posters including myself were expecting 90-100 shortly. It's also easy to be a Monday morning quarterback and say "Hey I knew LU sucked, why did you buy that dog?" My parents are up 500% on LU for the last decade. Holding that stock has paid off handsomely though admittedly not as well as some others. I'm glad at least I got tem into SUNW, COMS and INTC a year ago. They never sell so they've done great. The question is I guess, what will be the next winners like those stocks? Too late to grab bargains on many I used to own cheap like AFCI, MRVC etc. And boy do I remember all the bears on those threads calling those stocks worthless. IBM may be a beomuth but at least I felt safe there. Bought at 91 sold at 121. Nice two month hold. Anyway I'm rambling but you get the idea about how confused I am right now. Nothing clarifies things quicker though than some good upward movement. I'll be hoping for just that this week. ANF earnings on Tuesday might be a start of something good for me. A nice $5,000 profit there would do wonders for my battered self-confidence. And if BEBE would follow..my 4000 shares could cure my headache in a jiffy. We'll see.