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.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (10966)	4/4/2000 7:47:00 PM
From: dustcatcher	Read Replies (2) \| Respond to of 35685

Volty: I'm almost old enough to qualify as a parent to most on the board--but I was a babe in arms in the late '20s. I didn't begin to buy stocks until about 1953. Since then, with some fits and starts (fits especially when I went back to school and had zero money for such things) I have been in the market. Throughout this time I have never felt the urge to use margin and consequently never have done so. I'm the very paragon of a LTBH investor and make maybe up to a dozen trades a year--most of them purchases, usually adding to past positions. As a result of my conservatism I had no problem at all yesterday or today and never thought (seriously or otherwise) of selling anything I own even though LPTHA and GSTRF got hit--as did LWIN. You said that the market will turn around and you are very, very right. Here's hoping that this thought is a bit helpful to those who contributed some blood to the streets See, this is what you get when you use older folks as good models! ---Jack---

To: Voltaire who wrote (10966)	4/4/2000 11:49:00 PM
From: TigerPaw	Read Replies (3) \| Respond to of 35685

I to am very upset after reading Clappy's post. I am saddened by claptonsguitar post, maybe upset, it's hard to tell. People seem like friends even if I don't know nor ever met them. He said: I sold every stock I own this afternoon approx. 1/2 hr. before we hit dead bottom. How does a tragedy like this happen to a friend? How does it happen to someone who has been connected into this great network of ideas? I have only one idea, and that is that Clappy was getting all his ideas from one source, which is here, a fun and friendly place. The market however is a decidedly cold and unfriendly place. I like to talk about my latest idea, the flashy new filly on my arm that it reaching new heights. Those have left me lately in a pile of horse*t. It's the old core stocks that give you resolve on the down days. Second, is everyone seems to think they got to buy every good idea on the block. That's great when you have the cash, but sooner or later you already bought every good thing you can, and a bunch of new good things are mentioned. Well, it's like being in the candy store, when you already picked out the jelly beans and the goo goo clusters and spent your dime, you just got to leave the chocolate covered raisins for another day. The better things look the more you must resist margin! RESIST MARGIN! I can't say it enough. Well, that's it friends, your got to have some boring core stocks so you know when disaster happens you aren't going to have to move back in with mother, and you use your margin on the way down, not on the way up. This is a great thread, I could live here, but to survive you got to stick your neck out into those unfriendly areas to see what's happening too, because when money is involved there is a whole line of folks ready to cut your nts for a dollar (or whatever else they need to do to separate you from your wallet). TP