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To: im a survivor who wrote (25275)7/13/2000 2:45:56 PM
From: bonnuss_in_austin  Respond to of 35685
 
KG4 re full service broker:

I'm stuck with one acct @ such for highly technical reasons not worth explaining ... and that's the one (it's an IRA) in which I had JDSU leaps.

Monday, with the stunning news on JDSU, I wanted to sell all contracts.

Took one hour to get thru to the 29-year-old broker on my acct. On phone; etc.

Got him on phone and their system was "slow," not pulling up quotes, etc. This joint was just bot by Paine Webber and now as you know will be newly acquired by some Swiss outfit.

Bottom line: by the time he actually (IF he did it right) got the limit order in, stock/leap value dropped and only 2 of the 5 executed.

Yesterday, I called him up and gave him an ass-chewing (sorry for this particular way I describe it, but says it 'best.')

Ended up me giving him a lecture to get the hell out of the business for HIS own good <g> ... and LOL.

He doesn't like being yelled at. LOL. I told him he'd better get used to it ... from many more than me ...

When I had all three of my accts full service, I didn't trade when I should have because of the STAGGERING cost of commissions.

Now, after a year of managing 2 of my 3 ports myself, I see with much chagrin clearly what full-service has cost me straight off the bottom line in my net worth.

PS: the kid just called and we put in limit order to sell the remaining 02 130s @ 35 7/8. Still a loss as I bot @ 36. I want OUT of JDSU ... it's just me ... see relatively flat still because of SDLI acquisition. Will hold cash anticipating Aug dump.

Just MO and FWIW.

b-i-a
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To: im a survivor who wrote (25275)7/13/2000 3:18:43 PM
From: Percival 917  Read Replies (2) | Respond to of 35685
 
Hi Keith,

You made one point that I wish we all could have taken to heart earlier this year and that is:

but anything bloated...at it's high for the year, no matter how sexy, how strong she looks, is gone.

That is a motto that would have served us all well the day after Q had it's 156 point day. If the greed factor hadn't already set in with us so much, we should have been able to see that this puppy was way ahead of itself.

I would add one caveat to what you suggest and that is as long as the conditions are right and the overall direction of the market is still up, I wouldn't rush to sell too soon. Otherwise you are trying to time the market and I don't know anyone who can do that perfectly.

Later,
Joel



To: im a survivor who wrote (25275)7/13/2000 4:59:04 PM
From: Ex-INTCfan  Read Replies (1) | Respond to of 35685
 
So where does that leave us? I've had similar thoughts to you and others. If everyone expects a meltdown, and everyone realizes that everyone expects a meltdown so they feel there will be no meltdown because of that, does that mean that there must be a meltdown because of this realization? Or does the realization that there must be a meltdown because they feel that there will be no meltdown because everyone expects a meltdown mean that we are on to new highs?

My brain hurts.

Go VIGN, NTAP, et al.

INTCfan



To: im a survivor who wrote (25275)7/14/2000 12:12:05 AM
From: DepyDog  Respond to of 35685
 
Anyway, I am as lost as lost could be and really have no clue as to what the next 2 months bring.

Best,

keith@lostinmindbodyandsoul.com >
Keith honey...tell me someone that tells you they "do" know what the next two months will bring and I will show you a LIAR. :-) best regards, Depy