To: Lane Hall-Witt who wrote (91495 ) 4/4/2000 12:59:00 PM From: Jenna Read Replies (3) | Respond to of 120523
Stocks are falling because "individual investors' don't know when to take profits, buying overvalued stocks by the carload. Then they are running around catching falling knives during the continued downtrend. They are not putting in stops and actually its the investor and not the trader that is losing money. I've been buying some dow stocks all along for my husband's account and they have been doing great. I've sold my nasdaq stocks before the downfall and mentioned it. I'm actually enjoying the Dow 'people' who were envious of our gains January-March and sold their dow stocks to exchange for nasdaq stocks. Its the newcomers to the nasdaq marketplace that are getting sliced. Now that is what is making the nasdaq tank. Oldtimers were already out. They are probably buying the dow stocks and looking for a safe haven for their 'profits' from the nasdaq or holding cash. CASH is KING.. and throw in some dow stocks for a few weeks as well. We left some profits on the table in the nasdaq stocks, but its better than holding through this mess. Everyone is advocating holding, newspapers, financial magazines, brokerages. Do you even wonder why? What happens to THEM if their clients sell? What happens to their stockpicking if their carefully printed research reports are worthless.. Do they carefully research other stocks in their place. Nope, that takes works. These fat cats don't work.. They call 'strong buys' in stocks like VTSS days before the stock tanks. Its the brokerages and their resetting price targets to the upside that screw everyone up. Oh I think these companies are fine companies but such high price targets on some of them had no right being set. A day or two later, Ms. Abbey Joseph Cohen says she's changing the weight of her holdings and the bottom drops out. This is manipulated all right, and that's why I'm on the outside looking to maybe get in and not on the inside praying for an 'emergency' exit out. We got up to 8% losses on some positions, sure, but what is 8% on about 20% of a portfolio that is 10% in stock, negligible. Why don't the analysts say what investor's business daily dares say: SELL if you are losing more than 8% of your position.