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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: sepku who wrote (34776)	9/13/2000 3:38:40 PM
From: Mike McFarland	Read Replies (5) \| Respond to of 57584

I'll have to get back to you on Concur--today is not the day to ask my opinion about anything (maybe never <g>!) I had terrible buyers remorse on that Lucent I picked up yesterday, woke up feeling very defensive, and sold off some things I picked up recently--including the LU. I tell ya--when you start playing with your cash level, trying to be defensive in a soggy market, you think you have enough one day, and the next you want more. If I don't settle down and concentrate better on valuations, I'll be off reading Fleckenstein or something, ha! Sure, Concur will probably be fine after tax loss season, it is down there around book value, so what is to know? But I started buying around $3 5/8, and it is a tough thing to be underwater immediately, clouds the judgement. Like I said, you don't want my opinion when I'm dazed and confused. I will say that I've scored about 7x playing this game this year, and the more I learn, the more I feel that it was just lucky timing--right place right time (biotech). It would not hurt to triple my efforts before I jump on a stock, the days of flitting from one idea to the next, throwing caution to the wind, may be over for me. Sorry to be so glum, LU did this to me. Lucy was supposed to be a terrific bargain under $40, now I go an do a little reading to gage Mr. Market, and it just seems like everybody wants to tear Lucent apart. Well what is it going to be? Sorry thread--I know this is precisely what the stock market is designed to do. Take a toll when you go in, out, in out. You pay up with every move--stand still! Let the market come to you, well it sounds very good on paper...