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

To: freeus who wrote (9048)	10/20/2000 4:03:48 PM
From: im a survivor	Read Replies (1) \| Respond to of 65232

<Maybe Voltaire is feeling discouraged by Rambus lack of strong bullishness. After all if he is 85% Rambus, his accounts couldn't be looking very healthy. Freeus >> Maybe.........I think I may have ruffled his feathers last week when we were having the "faith" Discussion, although that was not my intent. I had made some comments that it is easy to have faith if you have deep pockets and can turn a bad trade into a good trade. I used intc as an example when he called $40 as the bottom. Well, it wasnt, yet in my example I showed how Vster will still make money...no matter how far it falls. being able to average down and keep averaging down allows one to minimize his/her mistakes and losses. Perfect example was elon in the spring. I bought at $100 and kept buying every 410 down....but I reached a point when the pockets went dry and could not buy anymore. I ended up taking the bath of my life, whereas, had I had deeper pockets and had I been able to hold on for just a little while longer and average down, I could have gotten out with no loss, or even a gain. I think Vster took all this the wrong way. He commented that faith has nothing to do with money, and his tone, sounded like he was pissed. I have all the respect in the world for Vster, and am sorry if he mistook my take on "faith", but I stock to my guns on this one....faith has an awful lot to do with $$'s. Ask yourself this freeus...when your account was $1.2 mil, were you not confident? Did you not feel good? You were buying stocks when naz was 5000, yet you felt great...you had faith. Now, your acccount is depleted, you have far less money.....the naz is 2000 points lower, yet you are scared to buy and dont have any faith in yourself, the market or your ability to turn your account around. There is no doubt that having financial resources has a tremendous effect on one's faith. I am a perfect example. I am have far less faith and far less confidence now, then I did a year ago, simply because of the lack of funds. I was no different then vster a year ago...I spit in the face of danger. I LOVED times like this. I knew I could buy and keep buying if things dropped. Nothing could stop me. Well, that worked for awhile, until the greed and confidence level got too high and my pockets were not as deep as I thought they were<ggg>......seriously though, had I had just a few more bucks....just a few, I would have come out of the spring smelling like roses instead of dog$hit, and I would be sitting even prettier right now. Also, I think maybe V is getting fed up with everybody relying on his opinions. Thats alot of weight he probably doesn't need on his shoulders, however what he should realize is that all he is doing is expressing his opinion to folks who all respect that opinion...including me, whether he is right or wrong. For that, there is nothing to feel guilty about, as expressing his opinion does not make him responsible for others actions. anyway.......have a great weekend keith@scaredtoevenlookatrmbsnow<ggg>.com