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To: Ron McKinnon who wrote (30939)4/18/2001 2:56:21 PM
From: Kelvin Taylor  Respond to of 53068
 
"thought I was brilliant"

you were...

you made 19% in a few hours. since when is not make money in a bad thing? and you can't go broke making a profit.

I sold all my longs today too and could have sold at higer prices now, but the I'm very pleased to have the profits I did make.



To: Ron McKinnon who wrote (30939)4/18/2001 3:12:53 PM
From: E.J. Neitz Jr  Read Replies (1) | Respond to of 53068
 
Ask yourself these questions:
Does today's rate cut end the recession at 4pm today?
Will business improve immediatly for Texas Instruments?
Will this move cause the millions of people who lost huge sums, to put more money to work within the next week?
Are money managers puking as they franticly cover their huge short positions?
Have you ever BOUGHT on a day like today and really made money from that buy on the panic?

For me, I am happy having made money during a period when most fund managers and individuals lost huge sums. For me I am 125% happy to now sit with 100% cash and just watch the frantic buying as a form of ammusement, not with greed wishing I stayed at the party longer.