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To: John Solder who wrote (22590)3/21/2000 9:13:00 PM
From: Susan Saline  Read Replies (1) | Respond to of 53068
 
we need to hear a good speech on stop loss's
and targets
I'll try and dig up one.



To: John Solder who wrote (22590)3/21/2000 9:19:00 PM
From: Susan Saline  Read Replies (1) | Respond to of 53068
 
fwiw ... I looked at neon and hifn with much interest the last few days ... both ran up too fast and succumbed to profit taking ... normal I would think

genes
I now am accumulating for holds (I hope ... unless stopped out)
aria hgsi cyto .. so far
watching (traded cege and vicl) also
most closed nice today ... good possibility that the bottom had been reached

stop losses: this is a good one: by coyoti
Message 3250974



To: John Solder who wrote (22590)3/22/2000 6:31:00 AM
From: Ron McKinnon  Respond to of 53068
 
John
>>>I got a call from my friend Mr. Margin today

man do I hate to see this
"margin" is a 4 letter word

one of the things that differenciates this thread from most is that we are honest, and try to help each other

a couple of weeks ago I was in a funk
I was sticking to my guns and playing by the rules that have worked ok for me for years
I posted here about "value", diversification, non margin usage etc

I was legging in to "great" companies at "good" prices
INTC CSCO GE MSFT AOL GE
and went real heavy into ones with solid earnings and P/E's under 10, mainly the financials
I kept solid cash buying power; no margin
and was pissed

and my hold portfolio was sucking wind; was drifting down, small losses
except for some fast trades in my trading account I watched the mo-mo's like RMBS and the Bio's go to the moon
thought I was just an old fool watching the smart ones bank mucho bucks while I sat

today I feel some pain for you and others
and better about myself

if all of us here can share ideas
maybe each of us can do a % of our trades based on each others ideas
and do better overall

that's why we are here



To: John Solder who wrote (22590)3/22/2000 6:55:00 AM
From: Ron McKinnon  Read Replies (2) | Respond to of 53068
 
fear and greed
that is what moves the markets
more and more every day

greed says one wants to make a ton fast
fear says i don't want to lose what I have
somewhere in between there is a balance

if one wants to make a killing, and get hurt badly, be greedy
if one wants to watch their account get cobwebs, stay in total fear
if one wants to make decent money, for years, find the balance

the balance says:
diversify
dont use margin heavily
take profits off the table, in stages, as you have them
don't allow a profit to turn into a loss
take small losses fast
etc

and don't allow taxes to impact your trades

at the risk of pissing off my friends here

Dan Z
who I respect a lot
has great ideas and does intense homework
gave us GUMM in the low teens
a wonderful pick
it ran to 36; a triple
it gave back 50%

Sam gave us IDC
it took on cult status
it was the next QCOM
it was going to 1000
it ran from 5 to 86
it hit 24 yesterday
down 72%

you posted on the bio sector:
3/15
There is no indication that it will be cooling off any time soon. As the summer approaches there will be building momentum in the sector due to mainstream recognition

It's tough mentally giving back 100K, damn that short term capital gains

3/6
A truly 'hot' sector will not, and can not stay cool for too long.
Once the clear standard is visible, that is the one to concentrate on, letting the others go

well you had that sector early
and it ran huge
but some of those monster gains have melted

I respect all of you
and hope my words do not offend

but I ask each to search inside to determine if there is that "balance' in trade decisions

enough preaching