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To: Hawk who wrote (35)	9/10/2002 11:06:40 AM
From: MulhollandDrive	Respond to of 63

>> Besides, greed is a very powerful emotion not easily overcome. << absolutely. the opposite side of the investment psychology "coin" is fear... and based on what i read and hear anecdotally, the complacency is still out there.... maybe a 1000 point down day on the dow will finally do the trick <bg>

To: Hawk who wrote (35)	9/10/2002 12:43:44 PM
From: MoneyPenny	Read Replies (1) \| Respond to of 63

I have some pretty exciting losses to write off and look forward to congress increasing the capital loss threshold from 3000-to10000 or 20000. I'll at least outlive my carryforward loss if they do. I have learned a lot on SI about recognizing losses and cutting them sooner rather than later. I have some dibs and dabs of these losers still in my families various accounts, sometimes less than 100 shares just as reminders. I find some threads are more up front on their losses than others. Also, after 2000, anyone presenting a bear case was ridiculed here and so they all took refuge on their own threads. Anyone following those threads has at least cut their losses to a minimum. I'm actually up this past 12 months, even counting the post 9/11 panic, primarily because of threads like Strictly Driller, HTP, Clown, and Fidelity sector funds. There was a pretty funny dialog on losses being made on a couldn't lose oil service ADR, PGO even last month. Lots of money made and lost there in real time. You could feel the pain behind the jesting and claims of new careers as greeters at Walmart. But I owned some pretty shifty telecoms and rambus until 2000 and will soon inherit a pretty hefty telecom (T & all progeny of last 25 years) portfolio which is worth about 10% from a few years ago.

To: Hawk who wrote (35)	9/10/2002 8:02:23 PM
From: Gulo	Read Replies (1) \| Respond to of 63

I did well over the last few years and was beginning to think I was smart and lucky. The tech bubble burst didn't hurt me, and my portfolio reached a new high in May this year. I lost half of my portfolio since then because of three big mistakes. 1) I thought I was lucky, so I bought lots of a speculative gold stock (V.ALS). I sold the last of it at a 30% loss. 2) I thought I was smart, so I bought a bunch of BBY at 30, some of it on margin. It tanked 30% in a day the week after I bought in. The margin call almost cleaned out the account. (I bought more at $20, so the story's not over yet.) 3) I thought everyone else was dumber than me, so I bought ELN when the dumb masses sold it down to $9. The dumb masses then proceeded to sell it down to $2. Somehow, that doesn't make me feel smarter. Three big mistakes after five years of mostly good moves - talk about a wake-up call! I'm awake now. Or at least I think I am. -g