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To: Sully- who wrote (7762)	10/12/2000 11:48:31 PM
From: RR	Respond to of 65232

Hi Tim: Hey, you are right. The sell side is very difficult to contend with. I was thinking about that tonight when I sent a post to the V-man about asset management. I've been doing this stuff for well over 30 years. To this day, even with the extensive discipline to having a plan that you've heard me mention so often before, I still need to improve the sell side. That ole saying "Preserve capital is rule 1" is something I say over and over and over to myself. Of course I do only options, so I've learned the hard way a few times being flat out stupid and greedy when not exiting a position and sell when I should have. Anyway, you make some good points. Sounds like you've already sat back and done a sort of "lessons learned" on this recent activity. To this day, I still do that myself. About the time I get the big head and think I'm so great at this stuff, well, life socks me in the jaw with a dose of reality..... Hang in there Champ. RR

To: Sully- who wrote (7762)	10/12/2000 11:55:44 PM
From: lurqer	Read Replies (1) \| Respond to of 65232

Sorry to hear of your woe. Most of us have been there. Let's hope the fund selling of that CDMA stock that CAtech posted about ceases tomorrow and the margin problem with it. In any event Good luck! lurqer

To: Sully- who wrote (7762)	10/13/2000 1:56:38 AM
From: Jim Willie CB	Respond to of 65232

Tim, Qualcomm is an effing dog China equals Godot keep waiting and you end up just like those two poor bastards sitting on that park bench China is a puzzle wrapped in an enigma plenty plenty plenty of other more reliable stocks screw Qualcomm, QCOM, and my license plate in that order sorry to hear of margin calls swap into JDSU, CIEN, BRCD, AVNX and say "go to hell Q" sincerely, Jim

To: Sully- who wrote (7762)	10/13/2000 3:00:55 AM
From: elpolvo	Respond to of 65232

Ö¿Ö - RE: I need to learn to sell when it turns against me regardless of how good the company is in my mind. that would be too late. SELL when it turns toward you, the price is climbing and techguerilla is wanting to own some more of it. BUY when it stinks, price is falling and jim willie is cussing it. -poolvo

To: Sully- who wrote (7762)	10/13/2000 5:28:36 AM
From: Jill	Respond to of 65232

Hi Tim, God knows why I'm up at this hour, clear headed and wide awake, but I'm going back to sleep soon...! I agree one should set sell stops to preserve capital or else be able to ignore volatility. It broke through support and then it gets taken down by shorts. That's what causes these huge swings in any stock--like gmst as Greg noted earlier. I'll be away next week so today I have to set sell stops on every position I've got, particularly extreme.

To: Sully- who wrote (7762)	10/13/2000 9:06:22 AM
From: im a survivor	Read Replies (1) \| Respond to of 65232

<<Needless to say, the two day free fall put me into margin call territory. The above are my silly excuses for being in the position I now find myself in. It is my own fault. I should have sold like I had originally planned. It hurts big time & I am worried it will be worse tomorrow. >> Although I havent gotten a margin call......yet, I am right there with ya. Was looking at how well both qcom and rmbs had held up, and realized the only calls I have with a profit were my qcom 60 and 70's. Was ohhhh soooo close to selling them, but then same as you, everything looked so damned bullish for the Q, I figured since it and Rambo were the only things holding me up, why sell. Well, 2 days later, those qcom calls are worth 1/3 of what they were.....lost close to 60 - 65% of value. Obviously, qcom the stock came down hard, as well as mighty rambo...the 2 that were holding me up. I am on margin, but really thought I had a good plan to get out of margin. First, I kept my equity/margin% at what I thought were manageable, safe levels. Most of the calls I bought seemed like good safe calls with excellent appreciation value if we have an end year run. My thought was simply if we have this run, the calls should go up nicely, sell them and margin would hereby be gone. Well damn, what seemed like a safe buffer in equity/margin has eroded quicker then you can imagine. Last week I thought there was no way I would get a margin call.....now, if they keep this up another week or 2, who knows....maybe I will get one. The bad thing is the calls.....when selling, it's just like depositing cash as far as e-trade goes. Selling the calls would have knocked margin down and would have greatly increased equity% over margin%. Problem is, my calls all got completely creamed. It doesnt make sense to sell a qcom call for $8 that I could have gotten $22 for a few days ago...or $40 for if qcom has any kind of run. So, here I sit...with a plan. Executing it....and so far it aint working too well. I have stayed with my plan, and that cost me, because if I wasnt so set on having this plan and sticking with it, I could have been out of several calls for 65% more, and that ole equity/margin% wouldnt be looking so intimidating. Anyway, I am staying the course. I so far have not sold anything, and will hold out as long as I can for this "bottom" and end of year rally....... sure hope I am doing the right thing keith@scaredtolookatthemarkettoday.com

To: Sully- who wrote (7762)	10/13/2000 9:41:14 AM
From: dangergirl	Read Replies (2) \| Respond to of 65232

Hi Tim I was reading your post about margin calls and qcom and rmbs, I am close to a margin call too, but this time I have enough cash at home to cover it if I have too. No way am I selling this time into this market. I`ll send them cash and hold until 2005 if I have to. I still want to use margin as leverage, but my defense will be to not go on margin enough that I am not willing to cover and able to cover with cash if I have to. Good luck to you. Hope you can hold on long enough,or can afford to send cash to help you hold on. Just don`t buy anymore right now. It`s real tempting to me to buy, since it I seem to be surrounded by bargains, but I will have to be content with what I have--extr,qcom,rmbs,ge and glw. Good luck to all today on this Friday the 13th. My daughter-in-law and grand daughter are flying in today. I am having a Pumpkin Hunt tomorrow night on the farm. We`ll have a bonfire,weenie roast,hayride and hunt minature pumpkins in the woods (after dark, in the woods with flashlights) The kids just love it. Supposed to be fantastic weather and a full moon. I ,too, have a lot to be grateful for. Love Danger