To: jim black who wrote (6448 ) 4/14/2000 9:13:00 PM From: el paradisio Respond to of 11568
Jim,Thanks.Accually I did not excluded a crash option,I was only thinking "not yet",but after the first decline I was quite sure that something BIG is coming and I've wrote that post about 3 possible scenarios and EXIT. My investing strategy is NOT exit on the first wave down,but on the next wave up after the decline.That method I am using since long time and it works perfect. If you get out on the first wave down,very often you can loose all upside. That's what I did this time,I sold Dell, Bgen and was left with plenty of cash.I think that my strategy was good and secure because during all that mess WCOM was acting like a star not even blink,keeping his strong support at 42-42 1/2.But today with 10% of NAZ decline couldn't resist any more.I also expected that, "immunization" period is over. Maybe I fell more secure with WCOM than most of you,because I am investing "at home".I can see how fast UUNET is growing and what will be WCOM position in the near future. If WCOM will go down, I will be adding because I know that I will not lose on it.Maybe today,but for sure NOT in the near future.I am connected to LevelII and I have a display of the probable future winners,WCOM was flashing on the third position after Sunw and Amzn. Usually,that stocks recover as the first on any upside move. My next buy will be when market will reach the bottom.I will try to post any news as I did before. I am also in WCOM since MFS Communications,which gave us a good backbone(this guys are now Lvlt), and ANS, which we bought from AOL. Knowing the strategy and position of WCOM in the future, I dream to get that stock soon almost for FREE. Have a wonderful weekend, Jim el paradisio