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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (668)3/1/2001 10:22:36 AM
From: Timelord  Respond to of 23153
 
Michael - Amen. One lesson I learned is - it can get worse, a lot worse. Unless you day trade, how prepared are you to stomach an elevator ride down? My philosophy is, there's always another day to trade and the bargains will always be there. No reason to have a coronary over your money. This is supposed to be fun, remember?

Alex



To: The Ox who wrote (668)3/1/2001 10:27:41 AM
From: Think4Yourself  Read Replies (2) | Respond to of 23153
 
I have been listening to the analysts and have noticed this comment over and over: "Now is a good time to buy if you are a long term investor. We should see an upturn later this year"

What they aren't saying is that a few months from now will be an even better buying opportunity for long term investors.

Agree with you 100% regarding both the catalyst statement and the "death of a thousand cuts" statement. The only three catalysts I see in the next few months are the FOMC meeting, earnings warnings season, and earnings season. Am expecting a sell off shortly after the FOMC announcement as folks start to once again concentrate on declining earnings. If we rally into the meeting I will likely be shorting it.



To: The Ox who wrote (668)3/1/2001 10:41:31 AM
From: Telemarker  Respond to of 23153
 
Good post Michael. <<Bottom fishing doesn't ensure success on Wall St. Good stock picking, well that's another story all together.>>

IMO, SOUND CAPITAL MANAGEMENT principles and techniques are without doubt the biggest key to any investor's success.

I understood that to basically be the point of your post. Just wanted to chime in with some different semantics.

Regards,
TM