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

To: Clappy who wrote (19511)	5/20/2000 10:02:00 AM
From: im a survivor	Read Replies (3) \| Respond to of 35685

<<Overall, too many of us are looking at too small of a time frame. >> How small of a time frame ? Seems like an eternity for me. I remember when it stared and I lost 75% of net worth in a blink of an eye it seems. Then came fancy finacing, writing cc's, selling long and converting to calls for the leverage and etc, etc. A couple of false baby rally's that did absolutely nothing for me at all, except to goad me into thinking we must be near a bottom. When we are down, and all the "buy here" crap starts, I buy, but of course 2 days later I am back in the hole with my new purchase. This has been going on months now. The Q, which at the beginning was my rock while everything else tumbled, held firm. Then it got nipped down to $120 and everybody said it was inevitable that it get hit like everything else. No biggie, the drop to 120 was nothing compared to the tumbles all my other crap did. Then, with all this talk of china, qcom fixing to explode, it dropped to $110.00. Then of course everything looked great for Q at $100....good solid support, lots of buyers jumping in and etc...more good news pops us close the the $110 area, all the tech talk is that Q is fixing to break out strong to the upside. Just a few days later, Q is at $89 and the talk is "uh-oh", lots more downside possible. Now they are also saying that other tech bellweathers could lead the way much further down like sunw, csco, jdsu and etc, etc. All I know is the ass whooping from the last month or 2 was severe, and now it they want more. How low does the Q go ? Fundamentally, I absolutely love the Q, and I just cantsee selling at in the $90's or below, but shit, what does one do ??? Yes, I think this market sucks in a big way. I look at my portfolio and the scary thing is I get very antsy when I now see my cmgi, sunw, jdsu, qcom, csco and etc.....Part of me is going "sell it all" and put it into my speculative play IARC. The scary thing is, I sincerely am thinking that way. When I see IARC I see a company on the verge of doing something really huge. If the market was healthy, IARC would be in the $30's right now. Aside from that, it is now available in the mid $7's. I dont know what the next few months bring, and it could easily fall down to $2 for all I know, but I feel more confident of IARC being at $20 at year end for a nice 160% gain, then I do of qcom , sunw or any of the others going up 160% in the next 6 - 8 months. Additionally, IARC could do much, much better then 20, which would raise the % substantially............Anyway, part of me has been sitting here thinking very seriously of doing just that. Liquidate everything, and put 70% into my IARC holding. Save the other 30% to have powder to buy on any dips it may have over the next couple months and then sit tight and watch IARC fly. My only problem with this is the sane individual in me coming forward and saying "you have plenty of iarc....why sell your gorillas such as qcom and sunw and jdsu, to buy more IARC ???? "...and this is where I sit....pondering, while I watch my portfolio get whacked more and more and more.