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 : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (25393)	5/26/2000 12:51:00 PM
From: StockHawk	Read Replies (5) \| Respond to of 54805

>> if you find dealing with the volatility emotionally difficult, that's very understandable and there's nothing wrong with it. But if that's the case, remember that life is too short to be worrying about your investments and that the solution is to minimize or eliminate your investments in high-tech stocks.<< Mike, you know I love your advice, but I'm thinking that the timing of the above statement is not the best. Yes it is gut wrenching for most of us to see our portfolio values slip away and to feel almost powerless about it. Sure a quick fix is to cut and run, but anyone who does that now will likely regret it in the long term. Now is the time to strengthen our resolve, with statements like the one Stan just made. It is not the time to say I find losses upsetting let me get out. If someone finds the tech stocks too upsetting wait for the next (inevitable) high and then get out. I remember being upset after the 1987 stock market crash. Articles in publications like the Wall St. Journal wrote in the aftermath that the worst was yet to come, drawing parallels with 1929 when subsequent falls far below the crash price wiped people out. I did not have much in the market back then, but I was so upset I largely sold out the steak I had. Those who stayed in the market were likely back to pre-crash levels in just over a year. Dummies like me who got out got killed. I'm sure you know the story about the young couple who saved for years to buy their first house in a nice neighborhood. They spent almost everything they had and got a big mortgage, but they also got a beautiful $250,000 house. The house was worth every penny they paid for it, and they were happy. After a month of living in the house someone rang the front door bell and offered them $240,000 for the house. They thought this odd but largely forgot about it until two weeks later when someone else came to the front door and offered them $225,000. A week later when someone else offered $195,000 they began to panic, and then recently yet another person offered $175,000. Unable to deal with fear and emotion, they sold. StockHawk