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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?


To: hdl who wrote (10341)3/17/2001 6:40:52 PM
From: SBHX  Respond to of 14638
 
hdl,
buy when there is blood in the streets,

Tried that and will still continue to do so slowly, but my hard limit is a 7% loss off my entry/test position and I'm out of that stock. A large string of losses and I stay away for a month before I come back. Stocks like NT and rmbs scare me a lot since they have moved violently down before.

The moment I think I can beat the street is when I get in serious trouble. The only thing that I do resonably well is capital preservation, there are many smart people who are better at timing them than me, so I won't try too hard to do that. Selling too early hasn't killed me so far.

Thanks for the advice, I hope it will work again soon.