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To: David Graham who wrote (6177)12/12/2000 8:35:45 PM
From: john.d  Read Replies (1) | Respond to of 14101
 
OT: <If I had shown a little more discipline (using pre-determined stops to protect capital) and less emotion (i.e. - stop falling in love with stocks!), I'd be doing even better now.>

This is true for me too. I learned some valuable and very costly lessons about the need to use stops this year. I have watched some of my other stocks fall to fractions of their original prices. Now I feel stranded and will have to either take huge losses or hang in there. It is a double whammy because you reduce the amount of capital that you can invest in good opportunities like Dimethaid. Cutting my losses to 10 or 15% looks pretty attractive right now.

In some cases these were supposed to be solid companies recommended by what I thought was a quality Newsletter THE INVESTMENT REPORTER. My subscription is up and I will NOT be renewing! I think they are using techniques to assess companies that are out of date and simply do not work in today's environment. For example, THE INVESTMENT REPORTER recommended Laidlaw as a BEST BUY at the beginning of this year, and now it's on the verge of bankruptcy. Enough said.

John