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.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Frank Ellis Morris who wrote (155492)	3/22/2000 8:56:00 PM
From: TigerPaw	Respond to of 176387

Great lesson Frank, (better than the usual) Let me say about #1, Starting early. That is a big one. I can't believe how stupid and ignorant I was (TV generation). You must have time to learn from your misktakes (Can I tell you about the movies I invested in? Award winning blokbusters that never made a dollar) #2 - I take exception with. Selling too soon. Boy have I done that. I got ORCL at $21 and got worried about an analysts report and sold at $23. (It's now $83 which would be $166 pre-split). What did I lose? Not a damn cent. I made money. sure not as much but I had some doubts at the time. This rule should be re-written to say "when you are pretty sure about what you are doing, don't be afraid to bet big". I've also avoided some disasters by selling too early. #3 selling too late. -Choose your stocks. I've been in a bull market where all is forgiven sooner or later so what do I know about selling late? #4 Blindly taking advice. This has to be the big NO-NO. I remember the time I heard this great idea on Egghead. Now I was primed because the previous unresearched tip returned a double in the same day. So I bought big time and lost 60% in a week. This is really the same as #1, start early because you are going to make mistakes! #5 - Market Timing I can never time the top. The jury is out about timing the bottom (or near). Since I started serious (5 years) a big crash was always met with a good recovery. Buy those crashes is my motto! - worked for me! #6 90% of my orders are market orders, because I have another job and don't have time to wait for them to fill. Buy when you want the company. #7 Options & derivatives. Got to disagree. When you know in your heart that a big move will happen, but you don't know just when, options, especially long term ones, give you the time to react. Buy now - decide later. Only do this when you are sure about the move but not about the time. #8 - News. Burns me every time. Burn your TV instead! (Read SI for the real news) #9 Ignore the little things? Guilty, I don't even know what I paid my broker, except it was enough for a new car. If you follow the other rules, and are lucky, you can burn away a lot of dollars and still end up with a boat load. #10 Buying cheap. You can be crushed by momentum, you can be left forever waiting for value stocks. Read SI and you find you what momentum stocks have a reason for their momentum, go with those. TP

To: Frank Ellis Morris who wrote (155492)	3/23/2000 8:30:00 AM
From: Jean M. Gauthier	Respond to of 176387

Thanks a lot FRANK ! I do not do <almost> all of these, so I feel a little better, but once in a while, I will do a doozy... I SOLD my original (1st!) investment of Intel, 400 shares (100 originally) when Merrill Lynch downgraded the stock (to $ 75 !!!) last year. Thank God I had sentimental attachment to it, and bought the same day 5x 2002 Call 75 LEAPS on it for $ 10,000 or so... I have no idea how much these 5x are now worth, but they are now almost $ 70 EACH in the money... Thanks again Jean