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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (87529)	12/24/2000 9:24:04 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Mike, It depends a bit on your personal situation. If you have an income flow that will allow you to reload if you are wrong, then you do not have to be super cautious buying any wasting asset. But if it would take you a long time to rebuild any losses from your income, then you have to think about sticking a toe in the water instead of diving in head first. A few years back, 1996, I think, I was convinced that Micron Tech was going to roll over. I was absolutely right, but the stock doubled while I was waiting for the rest of the world to see what a small number of us knew was happening. Using a cautious approach, I suffered several expired worthless months before MU puts became one of my top twenty winners of the 1990s. Had I jumped in fully loaded when I thought any idiot could see what was happening, the denials at the company, from analysts and from boxmakers would have cooked my goose. So, I tend to err toward the cautious. Of course, the other side is, I absolutely hate to lose money. As the Tooth Fairy says in that commercial, "it makes me irritable." <g>