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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: bobby is sleepless in seattle who wrote (91875)	4/5/2000 10:55:00 PM
From: Jenna	Read Replies (4) \| Respond to of 120523

Very good debate.. and I thought about your post (this and the last).. I think its I (as it was you) that changed probably more than the market climate. When I was fully invested, I was making $25-30 an hour on a deadline and I think I was really 'afraid' to hazard 'hard earned money' on speculation. The better I did the more bold I became. My best move was in getting a long term portfolio out of the financial sector end of November 1999 and the second best move was getting the rest out of NTBK and that sector about 6 months later. I can't describe the panic and despair that day I woke up with futures down 18 and 1,200 shares invested in NTBK and trading at 187.. There was one day of 'internet' downfall before that day but no one believed it was more than profit taking. I sold NTBK that day and it was one of the only net stocks that was up. I was a believer that day and it really changed me forever. As I reflect I think it was those moves that made me 'wary' of the buy and hold theories. I did go into nasdaq directly from the internet sector and did well there. In the interim my yearly income increased while my level of stress decreased and no more 'working for other people'. I did hold a rather long time but I got knocked about with some option trading and I've always been a 'hit 'n run' trader/investor after that bout with NTBK (250k nearly lost just by one day).. and the close call now with my portfolio just last month. There is no way I could have held for years because I was not in the right stocks to begin with. I was laden down with oil service stocks and of course I sold them. There were three sectors that went down and I DID NOT go down with them. They were: Oil Service, Financial, and Internet and now even the techs if you count that. My opinions are wholly a result of experience rather than any objective and definitive answers. I'm only in this country for 13 years and I was pretty young then to understand 'value investing'.. and especially American stocks. I still think if I were making 'hard earned' money I'd probably hold but its just easier now and selling after a nice tidy profit (which is possible only because of the high quality stocks I like).. is more of a 'conditioned reflex' rather than active contemplation. I like accumulating cash.. I would rather be a cash cow and collect interest and income from other sources than the market.