Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (61885)	11/5/2000 5:09:41 PM
From: Les H	Read Replies (4) \| Respond to of 99985

Depending on options to buy a home www0.mercurycenter.com Deadline nears for optionaires www0.mercurycenter.com Humble Pie www0.mercurycenter.com www0.mercurycenter.com

To: Crimson Ghost who wrote (61885)	11/6/2000 11:53:15 AM
From: OldAIMGuy	Respond to of 99985

Hi George, "ANYBODY can be hit with big losses if they get overconfidant." I guess a corollary to your story might be that: "Any genius can make pretty good money in a raging bull market." Making it and keeping it are different tasks. My sympathies to your cousin. Can't feel very good. I wonder how much his broker made from his trades? I wonder how much Uncle Sam got paid along the way? I saw this same sort of trap snap shut in 1987 for some of my investing friends. The traders had huge tax bills from ST gains while at the same time rapidly shrinking portfolio values. MAALOX Moments. Lucky for them, by the time taxes were due, some of the portfolios had recovered quite a bit from the October lows. Thanks for the story. Best regards, Tom

To: Crimson Ghost who wrote (61885)	11/6/2000 3:44:26 PM
From: Casaubon	Respond to of 99985

well said. I have pulled a large portion of my winnings out of the market.

To: Crimson Ghost who wrote (61885)	11/6/2000 10:32:20 PM
From: tigerman77	Read Replies (1) \| Respond to of 99985

i agree with you...i also lost over 100k but i wasn't afraid to admit my mistakes and take a profit before i lost everything....sometimes it helps to be humbled...thats why i always read this section now....i learned the hard way that it doesn't matter how good your picks are.... but more important what direction the economy and market are headed.....perhaps the only bright thing i did was buy my mom a new car and me and my wife a new car last year.....before i possibly lost that money....i now have much less to play with but it makes me appreciate the hard work most of you have put in thru the years to make the money you do.....i guess what i'm trying to say is that it is good to be humbled once in a while....