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

To: RocketMan who wrote (9825)	10/26/2000 9:03:04 AM
From: im a survivor	Read Replies (2) \| Respond to of 65232

<<Sorry about the beating you took, KG. >> Thanks, and let me also apologize to the thread. Although I was chastised the day before for "whinning" when I dont believe that to be the case, I certainly did my share of whinning yesterday.After the spribg Debacle, I just didnt think it could get any worse, and boy was I wrong. The sad thing is, the buying that I have been doing, I have been doing on dips and days the market is getting killed. Problem is, after I buy, the dip continues. EXTR simply makes me nauseas to think about. It was looking soooooo good. I tried for months to get in and kept missing. I finally got in...in a big way, because I thought we were being given a gift with that reuters FUD. Anyway, after spending months being pissed I wasn't in extr, it only took 2 freakin days for me to lose 75% on the calls, which I did sell yesterday. I still hold the stock, and have no earthly idea whether extr goes to $20 or back to $100. As far as yesterday goes...I hold extr, jdsu, qcom, rmbs as my largest holdings, so it was not a pretty day for me. Part of me wants to just bail and run for the hills, part of me wants to buy on this dip, part of me wants to write cc's, part of me says dont write cc's with the market so low heading in to nov. Part of me says the other part of me is crazy and there aint going to be a "real" nov rally, so either sell, or get covered.....anyway, there are alot of parts of me with different opinions, and I dont know which part of me to follow<ggg>. Anyway, good luck, I hope better days are ahead, but I am quickly losing my faith. I feellike I am making the right moves in the right companies at the right times, but it seems like evrything I do backfires. Again, look at extr....lots of folks made a lot of money trading it and the calls from $90 - $120, back and forth. It looked solid as a rock at lower support levels. The minute I get my hands on it Boom!. Same thing with rmbs....looks great until I get hold of it. The day I buy, FUD starts up and boom down we go.....This seems to be happening with just about everything, and like I said, I feel as though I am doing the right things so I cannot figure this out. Buy on dips or when something looks like it is technically breaking to the upside....yet no matter what, it turns into a disaster. I look at the faith that V has and it simply amazes me. I pray to god, that he is right and we rally hard, but I must admitt, my personal faith has been taken out back and whipsawed. I want to sell out, but I know that is not the right thing to do, especially now, but at the same time, how long can one withstand huge losses on a day to day basis like this. I understand your point about setting tight stops to limit your loss. Every time I do that it seems they just swoop on down and take my shares for the hell of it and then go back up. It's so volatile, even 20% stops will get taken from you in a heartbeat. Thanks for the thoughts keith@oneemotionallyandfinanciallywhipsawedpuppy.com