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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: bambs who wrote (35385)	5/10/2000 8:21:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 77397

Hello Bambs, it is sad! There are a many people being destroyed financially because they read only bullish comments by people who are not old enough to have ever experienced a bear market. I would venture to say that 90% of the people who are so bullish on these stocks do not have a clue how brutal a real bear market can be. In fact, most of the brokers and fund managers don't have a clue either. Now as far as posting a bearish thought on these bull only threads can be dangerous. These people are like cults. I honestly believe some would commit murder. GG The other problem is that they will cry to the teacher and there is definitely a double standard on SI. SI does not like bearish comments on bullish threads ... I guess it is bad for business. The thing about bear markets is that your #6 comment occurs often enough to keep their hopes alive only to see it go lower on the next step down. They really should just turn their charts upside down right now and it will be much easier to see. Anyway, some of the strongest rallies occur in bear markets. Anyone that doubts that need only look at the OS sector charts of about a year ago. Just like in a bull market, when one misses an upmove, they hope for a pull back so they can get in ... the pullback occurs but never quite enough so that they feel comfortable buying. The bear works just reverse. Been there done all of it at one time or another. Monty

To: bambs who wrote (35385)	5/10/2000 8:46:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 77397

Bambs here is a couple of more quotes from Jessie Livermore that are quite appropriate. T?he money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride." and "The recognition of our own mistakes should not benefit us any more than the study of our successes. But there is a natural tendency in all men to avoid punishment. When you associate certain mistakes with a licking, you do not hanker for the second dose, and, of course all stock market mistakes wound you in two tender spots....your pocketbook and your vanity. But I will tell you something curious: A stock speculator sometimes makes mistakes and knows that he is making them. And after he makes them he will ask himself why he made them; and, after thinking over it cold-bloodedly a long time after the pain and punishment is over he may learn how he came to make them, and when, and at what particular point of his trade, but not why. And then he simply calls himself names and lets it go at that. Of course, if a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers and cousins of the original. The MISTAKE family is so large that there is always one of them around when you want to see what you can do in the fool-play line." Don't know if you have ever read Livermore but it is really interesting and there are a lot of little gems in his book. Monty