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To: jhg_in_kc who wrote (11617)3/15/2001 5:59:56 PM
From: freeus  Respond to of 13572
 
It's true about if I lose my health what good is the money. But I also should have sold at X amount and still don't understand how I allowed this collapse of my portfolio to happen, after all it took many months, did not all happen in a day. That thought drives me crazy. I listened to too many people on the net and not enough at home, who kept telling me to sell and make the money safe (told them next time if there is one, to hit me over the head if I don't listen...but of course I will.)
I'm worried because I'm afraid that this is a very long long bear market and we really needed to have some of that money in a year.
Of course I can buy a lot of dell and emc (and eventually cien if I decide I want it when it collapses more) with the cash I do have left, since their prices fell so much.
Also I made a lot of money using options last time and now I am only willing to use the common because I'm so unsure of time....when...the bear will be over.
Freeus



To: jhg_in_kc who wrote (11617)3/15/2001 7:30:04 PM
From: Catcher  Respond to of 13572
 
>>"looking back on it, I should have said when my portfolio reaces x amount, take one half off the table period and put it in a safe fixed income vehicle. I don't intend to trade that way again">>

jhg, i read a lot of posts like this. i myself ask..."why didn't i take a reasonable profit?" it will be interesting to see if millions of folks who may be telling themselves they'll sell next time around follow thru. I wonder how much techs can rally with this mass mentality

do folks need to get back to where they were 2 years ago, THEN make a reasonable profit and sell...(5yrs from now) or will folks sell out once the're up 30% - 40% from where they are now? but if it's the latter it is going to be a long road home to break even for me.