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

To: thestockrider who wrote (1829)	3/17/2001 7:16:22 PM
From: cnyndwllr	Read Replies (1) \| Respond to of 23153

Hi Stockrider. Glad to know I have some company in cats. Their stock price has been hit and may well get hit harder since the prices for flash memory have dived and they may not be profitable for a while now. They are well situated to survive any downturn though and I like owning them. Have you checked into whether you can get a marginable retirement account? I think some online brokerages handle them differently or maybe it's just that there are different types of retirement accounts with different rules. Mine is marginable but I can't trade options. I use suretrade, now Quick and Reilly. I'm not sure we will see capitulation from the retirement investors in mutual funds. After losing so much value; I imagine it's 50% for many, I think they will hold unless they begin to believe the "sky is falling" chicken little message that this thing will dive for years and that we would be better off in money funds or cd's. I don't see that happening. At some point we may see some type of mini-capitulation from the fund managers as they shift even more of their investments to conservative areas. I think the thing I try to remember is that the farther it falls based on panic, as opposed to based on long term fundamentals, the faster and harder it will come back. The key is to decide when it has fallen below the magic line of "too far." I don't mean too far from a technical or short term outlook but rather too far from a fundamental growth-value perspective. Once that line is crossed, I am OK investing for short term swings, even if I miss it and the markets drop farther. I think we are there now and I am slowly getting in and playing for short term trades and longer term holds. I am not yet in margin but will be when I think the tide has turned or if it makes the BIG drop that will reveal true panic selling. Who knows, though? Maybe the "thunkers" are right. gg Ed