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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (25427)	12/15/2000 4:02:16 PM
From: freeus	Respond to of 65232

Well I"m glad I never cease to amaze you...I wouldn't want to be predictable. I know exactly why I buy a stock....but I no longer am strong in any of my knowledge, too many market-hurts this year, so if the market shows me it's still collapsing when I thought I bought something near its low, I change my mind and decide I can buy it lower later. Seems reasonable to me! IOW, though I buy it for one reason, and for a long term hold, when it does differently than what I expected, I change my mind...should have done THAT sooner with SSTI and ATML or had mental stops that I followed through on. On the other side, though qcom was a "few years hold" when I bought it, should have sold it at 180 as it retreated...because when it tanked to the 50's I sold it there out of fear. So now I'm trying to adjust my reasoning to work more closely with what the market is doing.Anyway a profit is a profit and I need a few to balance off the losses I'm going to show on my tax return: will have way to many losses to claim this year and, unfortunately, just found out from my tax accountant that I cannot take gains in the IRA against losses. In fact you can't offset gains in an IRA at all. Luckily for me you can now withdraw from an IRA without penalty if it's for hardship or to buy a house.(or for education) Freeus