To: bobby beara who wrote (52604 ) 5/30/2000 9:43:00 PM From: American Spirit Read Replies (5) | Respond to
Actually Bobby, I haven't been overall bullish this past two months until a few days ago, just bullish on certain stocks when they fall too far IMO. I generally like to catch bottoms and hate taking losses. That's my strength and weakness. I have foolishly held most of my stocks through this two-month downdraft but have kept afloat by swing trading. I bought SUNW at 70, T at 33 1/2, VOD at 40, QCOM at 71, COMS at 36 1/2, LOR at 7 3/4, ANF at 9, etc. Trying to scalp 10% pops (not always successfully) until the market steadies itself. As a result I was able to almost break even over the past month. It was exhausting. Two small caps I stubbornly held cost me $10,000 on a $15,000 investment. That hurt. My only stocks which held okay were IBM and UIS. If I had shorted I would have made a lot more. Next time hopefully I'll sell everything when the market turns south then just wait until there's nothing but gloom and doom then buy. One big problem I have (which many share) is an addiction to staying in the market. Very hard for me to ever sell everything, especially at a loss. Even when I know I should. Certainly we all learn our lessons the hard way.
