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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (5413)	10/7/2000 12:18:28 PM
From: Susan Saline	Read Replies (2) \| Respond to of 11568

why cannot we sell a stock we were 'wrong' about? any stock that goes down AFTER we buy it We were wrong Is it ok to be wrong for 6 months on a stock if after 6 months it goes back up to give a gain? how about 9 months? how about never? when DOES one admit ... I was wrong?

To: Susan Saline who wrote (5413)	10/7/2000 12:18:44 PM
From: DanZ	Read Replies (1) \| Respond to of 11568

Well, it is human nature not to want to take a loss, especially when one believes that they will eventually be proven right. This is the main reason that technical analysis is effective. Basically TA is a study of how human psychology is reflected in stock prices. If human nature ever changes, a lot of TA folks will be out of business.

To: Susan Saline who wrote (5413)	10/8/2000 4:29:05 PM
From: Ron McKinnon	Read Replies (1) \| Respond to of 11568

Sue, i have no better answer than the other responses but it sure seems like many of do it AMES fell 33% to 4 in 2 days after reporting same store sales drop of 3.9% Q3 est is for .11 (I think they miss) and FYE of 1.38 book (not really meaningful for a retailer is $19.90) I scalped this one well last time but have less than 100% confidence this go'round CMTN have a small 1st leg in in my own and the Z may add but not yet DSL is way out of favor right now '00 ests are for .98 '01 for 1.37 will sit on this small position awaiting earnings due out on 10/17 FNV am still baby sitting this one but am not real happy paying a 13% dividend now P/E of <3 book of $27.17 TTM eps of $2.19 Q3 ets .55 Q4 .58 FYE $2.05 so why will no one come forward and buy this pig? RMDY sitting on $211 mil cash, $6 a share TTM eps $1.03 forward est $1.36 still looks like a good hold to me earnings due 10/24 SKS just one I wanted to have tucked away ests are for FYE $1.17 will Santa be nice to it? SSTI they should do Q eps of .35 vs .02 last year '00 FYE ests $1.04 I still think this one sees $30+ after the carnage is over plus it has been good for daytrades a keeper imo so there I go with the above making a case for holding loosers only time will tell