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Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP) -- Ignore unavailable to you. Want to Upgrade?


To: Jim B who wrote (8637)10/6/2000 11:53:18 AM
From: HiSpeed  Read Replies (1) | Respond to of 10270
 
<if this administration would have done something to protect us from having our oil prices
TRIPLE in the first place, then we wouldnt have had a concern about inflation and we'd still
be trading up over 5000 on the NASD i believe>

respecfully, jim, i disagree completely. the naz was at 5k do to huge amounts of margin buying. greater fool theory was at work to the max. margin buying like this is like huge pyramid scheme. last ones in are the bag holders. after that the bottom falls out.



To: Jim B who wrote (8637)10/6/2000 12:53:14 PM
From: 4 - Bob  Read Replies (2) | Respond to of 10270
 
Don't feel so alone and singled out. You've got lots of company in that boat you are in. Just to name a few:

COSN in around 66, still sinking round 36
CRDS in around 9, still sinking around 6
CORV in around 74, still sinking around 58
ONIS in around 89, still sinking round 59
CIEN in around 115, still directionless round 111
WAVX in around 18, still sinking round 13
EGRP around 18, still sinking round 14
DELL in around 40, still sinking round 25
INTC in around 60, still sinking round 40

I had once even planned to sit with 95% cash on the sidelines during September and October but somehow got enticed by what I recently thought were good entry prices. If it wasn't for having real money on the line, I would be on the floor laughing hysterically at the consistent way the market has immediately reacted to some of my trades. Here are some puzzling observations I have made, validated by years of consistent results.

1) Most trades immediately go against you, no matter how well thought out, how much DD done, or how promising the trade was, or even whether you take a long or short position (market-timing is a myth). You could actually improve your results by flipping a coin rather than doing research, analyzing, or planning.

2) If you load the boat on any position whatsoever, the market will move against you big time and stay there until you unload the boat, whether you wait a week, month or year, etc.

3) If you try to play both ends by either being long and short at the same time in different accounts, and/or hedged with put and call options, the security will go flatline until you close one end or time eat up the options' value.

4) Whenever you close out a losing position you've suffered with for some time, the security immediately has a massive movement in the opposite direction.

LOL,
4-Bob