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Strategies & Market Trends : The Good-The Bad and The Ugly -- Ignore unavailable to you. Want to Upgrade?


To: Jane4IceCream who wrote (2982)10/13/2000 11:29:07 AM
From: Tim Luke  Read Replies (1) | Respond to of 8686
 
i hear ya....like i said nite is my only long and the only stock i would buy long...i think this rally will fall apart and im shorting a few stocks right now.....anyone buying stocks today with a very very long weekend is crazy....mm's suckering in all they can and then short em to the ground...way too much going on in the world...for the most part im very bullish on the tech leaders and in the near term they all are stellar holds..but im taking this day by day and protecting my assests......i made a shit load of money this year only to lose about 80% of my gains my net gains...i will not put myself in a position to take a hit on my net portfolio...it sucks to have lost most my gains for the year but im not letting it bother me...i know i will make them back...i buy mostly in blocks so a point move is a lot of dough re me........i should have known better 2 months ago and not have been so heavily invested share wise...but dems the breaks...at least im still up about 20% on the year which isnt all that bad but when i look at where i was 4 months ago it does make me a bit ill...

so now i just sit here with nite and cash....i will wait until i see a solid bottom and not all these bullshit headfakes and then i will jump in....



To: Jane4IceCream who wrote (2982)10/13/2000 12:42:56 PM
From: BWAC  Read Replies (1) | Respond to of 8686
 
The best thing about being down, flat, or slightly up this year on one's gains is that your next years estimated tax payments won't be much $ or may not even be due. A potential free ride to April 2002 on future trading profits, if you are even or in losses for year 2000.