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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (15694)	7/12/2002 11:01:19 PM
From: isopatch	Read Replies (5) \| Respond to of 36161

Robear. Not Worth A Lot Of Our Time But before I take off for the weekend, perhaps this post will add a little balance to what is looking like a somewhat exaggerated tale of woe from Mr Retired, who in truth simply can't take responsibility for his own trades as the rest of us do on this thread. You and others here know I've said over and over in post - in recent months - that I'm sometimes not able to post for extented periods. A favored stock may have tanked for a week before I'll even able to post here at all! AFA Mr Retired is concerned? Having been a broker, can spot a problem investor a mile away.<g> Didn't take long to see this guy was going to be one. So to cover my ass for just the kind of posting I understand has been going around here today? Publically posted some cautions and warnings about SWC DIRECTLY to him MONTHS AGO!!! He came across as a not too saavy novice who might be getting in over his head even in what looked like a very promising sm cap. Anyway after seeing far too much anxiety and carping in a series of posts from him, here's a lengthy excerp from a long and what I think was a very considerate post to him, on 4/2: <<Maybe you should try working with larger cap stocks with less volatility. They'll go up less in bull markets. But, with the exception of the rare Enron disaster they very rarely take huge drops either. Another alternative would be to invest in a well managed sm cap mutual fund. Mutual funds aren't my thing. But there are several folks here who I'm sure could offer you some excellent suggestions along those lines. But the real bottom line? That's being able to enjoy your investing or trading and sleep soundly at night. That quality of life is always A LOT lot more important than whatever extra money you might make playing stocks that may be too volatile for you to deal with, in other words too speculative for your risk profile.>> Message 17276737 From my post to another SI contributor here, on 4/3 shows how I saw SWC relative to my other stocks. As you can see this is not the picture Mr Retired is trying to paint: <<I like it. BUT it's not a huge or even my largest position even after aggressively adding yesterday. Small caps, in particular, carry inherently more company specific risk for a variety of reasons we don't have time to go into. So, spreading your risk by investing or trading in a list of names is a prudent approach. For that reason, my portfolio usually contains at least a dozen different individual stocks. SWC is of a number of small and mid caps that I like and have mentioned here in recent months from the PMs, oil service and natural gas sectors. (Everyone has to do their own DD and research. And nothing that any web post says should ever substitute for that.)>> Message 17282557 But you know the pestering posts from the dude just kept coming. So finally I just put him on ignore. Since that's the case and will continue to be so<g> let me say just one thing to Mr Retired. GET OVER IT !! YOU are the only one responsible for your trades! If you're going to run with the big dogs, and play small cap stocks - which are speculative by definition??!! USE STOPS!!!!!!!!!!!! If you can't handle that? Don't buy them!! ========================================================= I'm outta here.<g> Have a great weekend. Isopatch