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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: unix_daemon who wrote (8450)	11/12/2000 4:05:06 AM
From: djweiland	Read Replies (1) \| Respond to of 14638

The purchase and sale of securities should be passionless. Emotion distorts one's perception of reality. I AGREE ENTIRELY WITH YOUR PREMISE, BUT IT APPEARS YOU'VE LET EMOTIOMS RULE IN YOUR PRACTICAL APPLICATION. BEAR MARKETS AND 50% (OR MORE) PRICE DROPS ARE GUT WRENCHING. BUT LET'S EMOTIONLESSLY EXAMINE YOUR DECISION TO STEP ASIDE AND GO TO CASH. I WOULD SUBMIT TO YOU THAT A LONG TERM BUY AND HOLD STRATEGY COUPLED WITH A DISCIPLINED VALUATION METHODOLOGY FOR BUYING WILL FAR OUT PERFORM MARKET TIMING. FIRST THE RESULTS, THEN LET'S EXAMINE THE LOGIC. USING SUCH A PHILOSOPHY I'VE HAD AN AVERAGE ANNUAL RETURN OF 36% FOR THE LAST 10 YEARS. THIS INCLUDES THE RECENT 7 MONTH BEAR TECH MARKET. TRY WORKING A MATHEMATICAL MODEL OF MARKET TIMING THAT SHOWS TOTAL RETURNS THAT INCLUDE TAX CONSEQUENCES FOR ONES SELL DECISIONS TO TAKE PROFITS. AS OPPOSED TO A LTB&H THE SIMPLE CALCULATION OF A 20% TAX BITE MAKES THE EIGTH WONDER OF THE WORLD--COMPONDING RATE OF RETURN--A THING OF BEAUTY. DO THE MATH AS AN EDUCATIONAL PROCESS AND THEN LET'S DISCUSS A VALUATION METHODOLOGY THAT ALLOWS ONES EMOTIONS TO STAY IN CHECK AND ONES LONG TERM GAINS TO JUSTIFY THE APPROACH. DJW

To: unix_daemon who wrote (8450)	11/12/2000 4:37:11 AM
From: Master (Hijacked)	Read Replies (2) \| Respond to of 14638

How ironic that someone who claims stocks should be picked based on fundamentals, suddenly reveals himself as an emotional investor who upon seeing clouds in the horizon jumps from a solid ship. And while sidelined on dry land he pompously urges others to jump and abandon ship. I'll admit that as more and more investors jump, it is becoming increasingly difficult to weather this storm. No matter how solid this ship is, if abandoned totally by its crew it will eventually hit a reef and sink. In your post you said: "Emotion distorts one's perception of reality." I suggest to you that indeed you are correct. YOUR emotional decision to jump is costing the rest of us dearly.