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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (13448)	4/23/2002 4:00:05 PM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

Hi KB, I remember in the Bull market, myself and the two other "experienced" investors (I use that term loosely) in my office would be approached by neophytes who wanted aboard the money train. At first, we wanted to feel like Santa Claus, and recommended certain tech stocks at opportune buying junctures. Later on we would find that the worst thing that could happen was that the stock would go up fast. These people would of course not just take their $500 gain and go away, they wanted more easy money. So they started buying stuff that pretty much anybody would recommend (the shoe shine boy - heh heh). Ultimately it all ended badly for them. Those newbies who where fortunate enough to get creamed on their first buy, they sold out and went back to their CD's and real estate, never again touching equities. BTW, need a TA hand on KLAC - it is breaching its 50 DMA to the downside. Sell now or wait for a confirmation on the breach?? EDIT: Getting late in the day, I dumped it.