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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Mike E. who wrote (4869)	1/3/2001 9:01:05 AM
From: Tom Hua	Read Replies (4) \| Respond to of 19633

7:39AM Disappearing Earnings : Robertson Stephens responds to Efficient Networks (EFNT) earnings warning by slashing its 2001 EPS forecast from a profit of $0.93 to a loss of $1.10; firm's 2002 view goes from a profit of $2.92 to a loss of $1.54.

To: Mike E. who wrote (4869)	1/3/2001 9:07:14 AM
From: Paul A	Respond to of 19633

DOnt feel bad Mike :) its like walking on egg shells in this market lately.. One week you can make a fortune and feel like a pro, the next you get humbled and crawl up into a fetal position :) gotta love the downgrades on Intel and Dell today... Gee...

To: Mike E. who wrote (4869)	1/3/2001 10:01:24 AM
From: peter michaelson	Respond to of 19633

A well documented most common trading error is to cut ones gains and ride the losses. It is human nature to take the bird in the hand, and to hold on trying and trying to make good of things that have gone wrong. I think almost everybody fights that part of their nature, including myself, with varying success. I believe that is why some of the oddest characters are the best traders - they have a different psychology, almost non-human. Of course, I have never met Tom, so I can't be sure. Peter