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

To: RR who wrote (26095)	12/19/2000 7:44:02 PM
From: RR	Read Replies (4) \| Respond to of 65232

Sometime back I mentioned on here that you have to go through some horrible losses, some awfully bad markets, bears and all, to become a seasoned investor. I still believe that. It is times like this that you can learn a mountain of knowledge about the market, its effect, how to manage capital preservation, your emotions, etc. From that, you can learn what the books can't teach ya. I can recall so many times that I had horrible losses in years past. I've told ya'll about many of them before. But, I learned from those mistakes and moved on, even if I darn near lost everything. Those losses helped me learn some valuable lessons from which I still benefit greatly to this day. I simply point this out because you won't learn this from the books. There is no substitute for experience. I got clipped today and took losses. I hated it. But, as I said in a previous post today, my plan saved my butt. My stops were in place and my plan executed perfectly to protect capital. I acknowledged the losses. Sucked it up and now I go forward. I'm already looking at tomorrow and what I might do. I remain calm and, frankly, excited about the opportunities to reposition and capitalize going forward. Everyone do your best to hang in there. I know it's so difficult, but this is the time to stay calm, use your head, learn from these experiences and make smart decisions, not emotional ones. It takes being tough. It takes determination. It takes confidence in yourself. RR

To: RR who wrote (26095)	12/19/2000 7:44:36 PM
From: limtex	Respond to of 65232

RR - precisely. Liquididty is drying up and there are no buyers. The drops on any news or even news affecting a stock that is comparable to one you own, these drops which are now at the 50% level are going to get much bigger. This is absolutely amazing to watch. The greatest crash in history and we are unfortunately in it. The nightmare finally arrived. Best regards, L

To: RR who wrote (26095)	12/21/2000 2:02:17 PM
From: Rhino Ray	Read Replies (2) \| Respond to of 65232

RR, haven't seen you around. Our EXTR was taken out and shot this week. All due too FDRY. I don't know where I saw it and I haven't been able to find it, but I swear I read something about the CEO saying that EXTR has been beating out it's competitors and winning 80% of the contracts it bids on. (I know this seems outrageous, and I may have heard it wrong, but I swear that's what I thought he said - still looking for it)This may be the majority of FDRY's problems. And would also indicate a great buying opportunity for EXTR. I just don't think this is over. Highly likely this is just some short covering and the market may head back down a bit before going up. I believe next year will be a great year!! And the Nasdaq will be back over 4500 next year.