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To: Sarmad Y. Hermiz who wrote (3407)12/24/2002 11:26:46 AM
From: Sultan  Read Replies (1) | Respond to of 13403
 
My largest mistake is staying constantly invested (like at 99% level). So when prices drop, I can't buy. I have to learn to manage the cash balance. So far, I'm not doing a good job.

Perhaps you need to move up from being a village merchant to a small business man.. If you don't have cash, you can always buy against your inventory as a collateral.. That is if you can keep your enthusiasm in check, with present interest rates and tax treatment and if you are doing it for a short term, it is some times a way to take advantage of the bargains presented.. Of course, you need to have a stomach lined with steel.. Specially in these uncertain times..

FWIW..



To: Sarmad Y. Hermiz who wrote (3407)12/24/2002 11:29:23 AM
From: Sam Citron  Read Replies (1) | Respond to of 13403
 
OT Sarmad,

I like your village merchant analogy. It would appear that you have quite a lot of WDC on the shelf here. And you have tended to buy and sell very nominal amounts recently as compared to your inventory level. How long have you owned WDC? Did you originally intend to accumulate such a large position?

Sam