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

To: Voltaire who wrote (7262)	10/11/2000 12:06:00 PM
From: horsegirl48	Respond to of 65232

I have GE and can't believe its getting hammered today? HG48

To: Voltaire who wrote (7262)	10/11/2000 12:18:37 PM
From: robjohnson	Read Replies (1) \| Respond to of 65232

V, added mucho mo rambo today. i understand you may play golf on the 13th. enjoy !~ like to play but,thurs and fri are booked. meeting engineers and architects all day . someday we'll get a porch group together. did you see the new red herring cover. LOL rob

To: Voltaire who wrote (7262)	10/11/2000 12:22:11 PM
From: im a survivor	Read Replies (1) \| Respond to of 65232

Your faith is amazing to me. A couple of years ago I had faith also. Actually what I had was much deeper pockets then now, which enabled me to always turn a correction into a money making experience. As I have said earlier, it is nice when you can keep averaging down so your cost basis is close enough to current price that you can get out .....with a profit on a small jump. I mean shit, you can buy INTC at $48, and end up selling it at $25 for a profit. Anyway, I ws just reflecting on years past and how much I have changed....as far as investing goes. I believe alot of my faith, strategy and etc, etc, has been lost due the the fact that my stupidity allowed my once deep pockets to now not be very deep at all. I can remember when something like AOL went from $140 to $70 and while everybody cried, I was buying more. I wasnt scared that it may go to $20, cause I had the pockets and would have kept on buying. I had alot of FAITH. Why? Well mainly because I knew even my mistakes wouldnt cost me too much. Who cared if I bought at $60 and sold at $20. I more then likely averaged down enough to where my average cost made the loss very minimal. Well, that faith is no longer there because I know I can no longer use the strategy I had before. I think of this mainly because of watching your situation with INTC unfold. watching you now....that was me two years ago. I mean here you are buying after the big drop when I think INTC was $48 - $50. You kept talking about faith and kept talking about buy buy buy....and how ridiculous it was. You called $40 a bottom on intel, yet here we are now at ...god, I am scared to look....$35 -$36....you are still buying and you know what, you will end up making a nice profit when this is all said and done even if you end up selling after an intc run to $42. Why? because deep pockets enable that faith to work in your favor. Me and many others unfortunatly dont have that particular kind of faith. We are forced to buy, and may not have the unlimited "faith" that you have to keep on buying. Some of us are forced to sit and simply pray. We cannot buy RMBS at $92 and then end up selling it at $70 for a profit. We are forced to buy at $92 and hope it goes upward in order to make a profit. Anyway, sorry to ramble on...this market certainly has cause me, and I am sure many others to stop and think about alot of things and I couldnt help but ponder this morning how much I have changed...how I used to be...why I used to be that way...why I am the way I am now and etc, etc....lots of reflection. All I can say is that I hope that I and everybody here can one day have the type of faith that I used to have, and you currently enjoy yourself. Keith@goingdownthedrain.com