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To: Warpfactor who wrote (67249)	5/27/2000 9:31:00 PM
From: CommanderCricket	Respond to of 95453

Slider, You got me thinking on your post. Let me provide another viewpoint for the thread. My wife and I are in our late 30's, making a decent living, putting away the maximum each year in our 401k's, saving and investing 10% - 15% of our income each year. We somewhat missed out on the great bull run on Nasdaq. Our gains over the last several years were OK but not steller ( We had most of money invested in "value" stocks and growth and income funds). From my prespective, I get another chance with the on going tech boom (It hasn't gone away, only to be slowed down by ole Alan). We do not plan on retiring for another 15 years so we get to dollar cost average back in much cheaper. Hell, I will probably do better now then if this market hadn't tanked. In 10 years, today's correction will be long forgotten. I agree very much with your comments about profits because I too have forgotten my game plan of late due to the great run we have had this spring with our OSX and E&P stocks. It is time to reevaluate, however, I will start dollar cost averaging over my other funds into tech and ride this out. You all have great holiday. Time to grab another beer! Michael

To: Warpfactor who wrote (67249)	5/28/2000 9:44:00 AM
From: Big Dog	Read Replies (2) \| Respond to of 95453

Warp, That rule of never selling a stock for a loss is NOT a good rule. Some would say that is one of the worst possible rules you could adopt. As I wrote so often in ODB, it is important to always plan your trade and trade your plan. You should know what you will sell the stock for on the up side as well as on the down side before you enter the trade...and stick to it. Maybe your plan is to adjust the sell points higher as the stock moves higher, or maybe you have a fixed sell price on both sides. The ability to cut losses short before they grow to be larger losses is very important. To say you never sell a stock at a loss can be very expensive as well as createe 'dead money' while you wait months or years for the stock to come back. Selling is the hardest thing to do -- when stocks are up OR down. How many times have folks violated the rules that they KNOW are the best thing to do? Look at investing as if someone has hired you to manage your account and if you don't follow the rules you get fired. Might help. Just my two cents. big

To: Warpfactor who wrote (67249)	5/30/2000 9:45:00 AM
From: Terry D	Respond to of 95453

EDIT - just saw BD gave the same advice - sorry for redundancy Warp - Completely unsolicited input - so feel free to ignore - I just read this quote from you: I hold a couple other techs as well with relatively large losses, I'm basically stuck with them for now. So to build up cash I am looking at shaving SFS, which I now perceive as having limited upside potential. 1. Why are you stuck with the losers? Are there tax or other reasons that prevent you from selling them? 2. SFS - do you like its risk/reward more or less than the tech stocks you are holding? In over 20 years doing this, the hardest lesson I have had to learn is this "Sell your losers and let the winners run." It is human nature to do the opposite. Best of luck - t d