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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (3659)	9/25/2000 8:06:17 PM
From: freeus	Read Replies (2) \| Respond to of 65232

Re limit orders: I guess I was reacting to not getting my cov calls back on NTAP Fri because I but in limit orders. (Now of course I'm glad I have them). Back to limit orders....always. I temporarily forgot again that there is no order that has to fill. I even bought the Intel at a market order and that too was a big mistake.... Now I don't know whether to get out of everything and back into cash and begin again, or wait to see what happens this week. Afraid I can lose to where I would not be able to get back to what I "need" if the market is going to retest new lows. I guess I can give it a few more days.But I"m jittery now because of today's actions and the subsequent market actions. Oh well, good luck to all of us! Freeus

To: RR who wrote (3659)	9/25/2000 8:55:15 PM
From: lurqer	Respond to of 65232

Wise words. lurqer

To: RR who wrote (3659)	9/25/2000 9:30:40 PM
From: Voltaire	Read Replies (1) \| Respond to of 65232

Yep, I agree Stonewall, put in bid on INTC Jan. 65's at a buck, never thought I would get them. Came in tonight and yep got 200 contracts. If they want to keep bringing it down, will go to 2000 contracts if I have to. Rediculous bid is already in for tomorrow. Volts

To: RR who wrote (3659)	9/26/2000 12:26:10 AM
From: Sully-	Read Replies (1) \| Respond to of 65232

Those were wise words from a wise man freeus. I read your posts & get the feeling you ride a roller coaster with your emotions riding the swings in the market. RR is right. You can be bullish, but you must be diligent even when the economy is hitting on all cylinders..... which it isn't doing right now..... It's not like there aren't any dark clouds out there..... oil over $30/bbl..... euro problems..... earnings warnings form tech bell weathers..... Sure the overall economy is strong for now, but it's not all roses. As RR said, this market can hand you your head in a heartbeat..... maybe it's best to avoid being an emotional buyer or seller....... There's a line from my favorite artist that I think applies here freeus..... 'A little of what you fancy does you good.... or so it should'..... a little moderation in your emotions in reaction to the market as well as in your buy/sell decisions & you may end up better off in the long run..... & you'll be a lot closer to living stress free. BWDIK Good luck freeus, Ö¿Ö Tim

To: RR who wrote (3659)	9/26/2000 1:13:56 AM
From: freeus	Respond to of 65232

Hmmm,,, I thought about this post for a long time today. Perhaps with the market this erratic it would not be a bad idea to hold almost nothing and just go in and out of a couple of positions at a time. Maybe I put my cash to risk instead of to work, too soon. Freeus

To: RR who wrote (3659)	9/26/2000 9:58:37 AM
From: invictus	Respond to of 65232

RR and I have different investment styles but we have both achieved great success over many years...we are not always right but we have both tried to learn from our mistakes...and tried to pass that advice along to others...after reading freeus' posts I cannot overemphasize how much I agree with RR's post which is repeated below...it's good advice...print it and read it regularly...please ...no margin...I wish everyone on the porch success good luck EJ To: freeus who wrote (3582) From: RR Monday, Sep 25, 2000 7:52 PM ET Reply # of 3728 Freeus: Like Dealer, I flinched when I read your post this morning. Couple of thoughts. 1.) Never buy options at market. You mentioned you did so this morning. I have been screwed too many times doing that, especially with options. Set your price. Try to make it come to you. 2.) Try letting the market settle in after the first hour. I try not to ever do anything that first hour. Too many times it changes thereafter, especially coming off a weekend. 3.) Margin - perhaps you know my view on debt. I hate it. I firmly believe a life goal that each person should aggressively pursue is to become debt free. Margin is debt. Period. Some don't look at it that way, but it is. In a market like this, I would not recommend that anyone go on margin. 4.) Your comment about a bear market after one day... I get the impression that you are surprised by what happened today. That concerns me greatly. This market is dangerous. It is not pee-wee league. It will turn on a dime. While a few of us on here still think we will make a run on 5000 by year end, I would never underestimate the potential for this market to crash, to put it bluntly, even with my bullish outlook. I respect what the market can give and how quickly it can take your head off. My two cents worth. These are comments I've said before on here and maybe you've read them from me before. I really feel for what you said in several of your posts earlier today. Hang in there. Patience. Be careful and keep things in perspective. Good luck. RR