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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (55221)	11/8/2001 1:35:53 PM
From: daryll40	Read Replies (2) \| Respond to of 70976

AD, I feel for your pain. I sold my longs at $38 so I also feel badly but it is NOTHING like being short squeezed. The point of this post, however, is to commend you for publically fessing up and admitting your losses. Almost NO ONE does that. You are a true and honest person...even if you're broke! But it beats being broke and dishonest! Wishing you better trading... Daryll40

To: advocatedevil who wrote (55221)	11/8/2001 2:01:44 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

re: don't let your children do this: Most of my mistakes, have been because I was sure I was right in a particular situation, and broke one of my basic rules. Rules are rules, and have to be followed rigidly, in order to work. Making exceptions means you allow emotion to creep into the decision-making process. As I know from bitter experience. When I believed WCOM's forward EPS estimates last year, and allowed that one stock to get over (a lot over) 20% of my portfolio, as I keep averaging-down (began at 40), I eventually had losses a couple of orders of magnitude larger than yours. The investors who don't get rich, are the ones who don't learn from their mistakes, mostly because they forget/hide them. These boards, used the way you do, are an excellent tool to maintain discipline. JS@enjoythediscipline.pov