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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Joshua Corbin who wrote (808)	11/21/2000 10:04:21 AM
From: tradermike_1999	Read Replies (1) \| Respond to of 74559

I know people who bought and have held on to garbage like ETYS from 70 to 1.50 because brokers, analysts, and wild dreams turned them into Internuts. Speculators. I'm a speculator. I doubt they know what that word means. I've asked you when would you cut a loss and admit a mistake and your only answer is that you can't sell because it might go higher. Not might, do. In the aggregate, stocks trend up. Even you admit the bull will be back, if in ten years. And the people who fed perfectly good stocks to the bear get to live with the regrets. I've never shorted a stock and seen it go up to infitity. Lucky you. Various people shorted their way through the late 1990s and have the scars to prove it. Well if the bull market is not going to be back for 10 years then you are better off buying bonds. You claim you never know what the market is going to do so you can't make any decisions. Well, if thats the case then you are better off buying savings bonds. You sound like you are gambling if you invest and say you have no idea what your stocks are going to do. Yeah, sure a lot of people lost money shorting. A lot of people also made money by shorting junk like KIDE, NAVR, and other hype jobs. These stocks will never come up despite your mantra that stocks trend up in the long run.

To: Joshua Corbin who wrote (808)	11/22/2000 3:40:45 PM
From: .Trev	Read Replies (2) \| Respond to of 74559

"<The boys at Long Term Capital Management were the smartest traders in history. They had big computers and probability tables. And they got clobbered.?" That's not really accurate you know . The people who got clobbered were the financiers, Swiss banks etc, and the US through the support that was organised. By the time the axe fell "the boys" you mention were long gone, they didn't even own their stock in the company, haviing pledged it for additional credit, which funds had mysteriously disappeared.