To: Voltaire who wrote (25314 ) 12/15/2000 12:33:23 PM From: im a survivor Read Replies (1) | Respond to I agree on that vster...you do not flip flop.....as I said, you are the ever lovong optimist. You have the faith and you keep buying as we keep going lower. Excellent strategy for somebody like you and others with larger amounts of capital to spend, but look at some folks who are more limited. me personally, I have said all year long " I will not sell at this bottom, I will buy".....Look where it has gotten me. I would have been wiser selling instead of buying. Think about this....all year long, many folks repeatedly said you were foolish by selling since we are near a bottom....well, look at things now. Most folks would have been better off selling. For instance, at 3500, you were considered a lamb or a weeny if you sold and foolish if you werent buying. Well, how is one supposed to feel when they buy at $60 thinking it's a bottom....it drops to $40...well, now your really foolish if you sell, you should be buying more...never sell low, sell high....so buy more at $40...then the stock goes to $15...again, we are at a bottom, why sell now....in the end run, in such a declining market, you end up running out of funds and have a bunch of stocks worth $5. It aint just you, my man....My wife has been saying all year " Don't sell...don't sell near a bottom".....well, I am having a very hard time differntiating between not selling when something is down and preserve capital. Number one rule is always preserve capital. The other number one rule is dont buy high and sell low.....buy low and sell high. very contradicting. I llok at a position I have that goes south and I either need to sell in order to preserve capital, but if I do that, I am considered a fool or sheep or whatever for selling while it's down.....very conflicting.
