To: Dave Pestle who wrote (28502 ) 9/22/2001 8:51:15 PM From: Zeev Hed Read Replies (1) | Respond to The reason I have not gotten out are multiple, in some cases (like NVLS, VECO, QLTI, CRA, MERQ, and few others), the pain level was not reached, in other cases I got stopped out (the most painful were MVIS and AW), in other cases, I left enough ammunition to double up on what I think are unique values (like ADCT, GMST and ZRAN), in yet other cases, I was simply caught with my pants down, and wrongly expected a fast snap back from the 1400 level, part of these were due to my absence Tuesday morning. I surely wish I played BEAS and EXTR a little better. In general, not getting out was impacted by the congruence of getting to my "ultimate" low around 1400 (the "coalescing" model) with those sharp declines beyond my S.L.. In general, in those cases that I should have bailed out (BEAS, EXTR, SNDK, SSTI, all down more than my typical 10% S.L.), I screwed up and let my emotions take the better part of me. Actually, on Monday I was still well ahead of the game by the close (I was lucky with a double bagger on MAGS and a 50% gain on EXDS.) and later in the week, I managed to erase quite some of the losses by playing MU and CCMP, that must also have had a part in misplaying the decline that followed. I can't play all the hands well, unfortunately, and the massacre in New york did impair my judgement. The main reason, however, is that this time, I think that for the time being we have hit a panic bottom of unusual proportions (only late last December we had more daily lows than this week, and as far as weekly lows, I think that this week was a record, furthermore, i keep adding in my head at least half of the dead issues for comparison puroses to December and get daily lows of 1100/1200, an unprecedented one sided pessimism.)
