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.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (11917)	2/13/2000 8:54:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

More Stats from Werkenstiff Capital Mismanagement From 1971 until 1998, there have been two occasions where the Nasdaq has started a 20% or more decline in the first half of the year. One was in 1973-1974 where the Naz declined 60% from January 11, 1973 to October 3, 1974. There was one rally during that time period which exceeded 10%. By February 14, 1973, the Naz was 7.79% off its high. The other occurrence was from January 8, 1980 until March 27, 1980 where the Naz dropped 24.91%. There were six other occurrences where the Naz corrected 20% or more between 1971 and 1998 but those declines all started in the latter half of the year. On the other hand, a quick check reveals no time periods where the Nadasq has had two 10% corrections in such a short period of time. This market is extremely volatile.

To: Justa Werkenstiff who wrote (11917)	2/13/2000 9:56:00 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 15132

"you can ride out any correction to a more normalized level" Yes you can. However, I had money in the market in 1987 and will neverforget the overwhelming sense of panic I felt. I had purchased about six months before and was simply beside myself with fear. I sold in the panic to only a minor loss of a few hundred dollars on 40,000. (My major holding was in a fund whose manager went almost entirely to cash a couple of days prior to the big crash!) Presumably, I am more experienced today and less mercurial. If there is a bear market--with or without a crash--there will be a great deal of emotional teeth grinding. We are now seeing the very beginnings. I wonder if Ask Rande will be just as happy to discourse on 'long term holding' at the bottom? It is tough to hold court on the quality of the acting or the playwrite in the middle of a theatre fire. Ciao, David Todtman