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To: Don England who wrote (87341)2/15/2001 7:44:35 PM
From: jmj  Read Replies (1) | Respond to of 95453
 
Need to add an old dog named shep to song

JMJ



To: Don England who wrote (87341)2/15/2001 9:43:49 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
Don. Chin up. But. CUT YOUR LOSSES!

Don't ever let the market eat you alive because you have a "death grip" on your positions.

We have one guy with maybe one or two "sidekick" followers who can't admit their mistakes until they give back most of their gains during every correction. This Bear Market should REALLY do a job on those dudes, lol.

But, as I've been saying for weeks, this patch correction has A LOT further to go!

Don't fall into the self destructive investing style of the perma bulls. Those bozos almost always get blown out near the bottom when they're buried under a pile of margin calls, lol.

Sell some NOW. Then sell more on every step up during any rally.

It's OK to hold SOME lower risk positions.

But you need to establish enough of a cash position to enable you to take advantage of the bargains that will come when the perma bulls panic and sell to us near the bottom(ggg).

Don't get discouraged.

JOB ONE right now is PRESERVATION OF CAPITAL for the great LT buying ops that are coming when this important down leg is over.

Isopatch