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To: Crystal ball who wrote (132317)10/2/2001 12:34:54 AM
From: Skeeter Bug  Respond to of 164684
 
>>I am still up approx. 2300% since 1995. This last year notwithstanding. On paper I have lost 7 figures, but I have not sold, except on one account for tax loss purposes, but I have waited my 31 days and am FULLY reinvested, and guess what: at a lower cost. (And still up over 2300% NET since 1995 paper and real cash). I expect to end this upcoming quarter ahead, and then resume more agressive investing in the first quarter next year on the general economic recovery, at its beginning, and throughout the next cycle.<<

cb, in order for you to be up so much, you must have traded in and out and not bought much since 1995. i would have never guessed that given your posts. net is all that matters. losing 7 figures isn't too bad if you made even more on the way up (i know it hurts - i've had my dawgs - but think big picture), although taxes can work against you with tax loss carryforwards.

but, assuming your math is correct, you surely didn't think you could get 22 times your money every 6 years, did you? did earnings go up that much? no way! totaly disconnect. put a reality check in your system so the emotion of excitement doesn't catch you staring into headlights. i know how exciting big gains can be... and how painful the long road toward fair value can be... all too well... but i learned and am much wiser.

i'll be a buyer... but when stocks look GREAT compared to alternative investments. mm funds have looked good for me since 2/2000. they still look good.