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


To: Percival 917 who wrote (7265)10/11/2000 12:20:45 PM
From: robjohnson  Read Replies (1) | Respond to of 65232
 
hey eyedoc, i'm buying in here, any eyedoc 20/20 picks?



To: Percival 917 who wrote (7265)10/11/2000 12:25:12 PM
From: edamo  Read Replies (2) | Respond to of 65232
 
eyedoc...re: "my biggest concern...average investor...gun shy....taking a plunge...."

that is the psychology that is needed...long term bull markets are launched when the average investor is truly gun shy....for it is the average investor that enters and exits on a consistent basis through the wrong doors!

with the liquidity in the market, the average investor causes little or no movement in anything but his depreciating holdings....

it ends with a bang....and reverses with a bigger bang...

technically the bang is close...the short term concern is geopolitical.....

good luck..ed a.



To: Percival 917 who wrote (7265)10/11/2000 12:27:03 PM
From: im a survivor  Read Replies (2) | Respond to of 65232
 
<<Remembering something my father used to say and that I have a hard time listening to, but we have to remember to look at these holdings of ours not on a daily basis or a weekly or monthly basis but more like yearly. If we have companies with good fundamentals and no new technology has come along that will displace our company's, then look at the long term and they will come back. It is just like that in business. Sure the receipts are down at this point or at that point, but how did you do for the year? I looked back at where I was this time last year and even though we have had 2 major Naz corrections I am still ahead of last year. To me that is all that matters. Yes, it would be nice to get out on top once in a while, but now to bail after all the damage has been done seems counterproductive to say the least. From here the upside looks more likely than further downside. BWITHDIK.<g>
>>

Thanks for the thoughts Joel....but one of the most depressing things I am goong thru is when I look back....I am currently at my lowest point.....ever, in the market. I know many were smart enough to pull gains early in the year, I didnt. I figured " look how easy it's been " and I got greedy like I think many did and instead of being prudent and locking in gains, I tried to do it all and got decimated.

Anyway, thanks for the thoughts...I am still hanging in...not selling.......

Keith@blindedbymyownfreakingignorance.com