SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?


To: Sig who wrote (10453)2/12/2003 12:38:24 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 13815
 
Wahlberg really is painful to read sometimes.

I just remember a few months ago him saying a recent run was almost over because the "penny stocks" were running. Well half of nasdaq were penny stocks, there was absolutely no significance to anything under $5 on naz, I think that is obvious.

Notice the mkt today after amat and more intl stability. Just flat, I think it will be like this for awhile.



To: Sig who wrote (10453)2/12/2003 1:51:54 PM
From: im a survivor  Read Replies (1) | Respond to of 13815
 
<<Now they tell us to short?? Why not three years ago with Jusu at $123 sh? Before ENE, KM, ect
Sig
>>

March of 2000, naz went from 5400 down to 4500ish. I called my broker to "cash out". Broker told me not to sell near bottoms. Gave me this big song and dance about how well I was doing, was close to financial freedom and etc, etc, etc.....told me about how the bulk of money made is off the bottom, and the smart folks buy when it's down and the idiots sell when it was down. She flat out talked me out of cashing out when I had huge gains. Gave me this song and dance on how naz would have to go to 3000 for me to lose most of my gains, which she said would never happen, and if it did, she would load the truck and buy. Since back then, obviously we went alot further down then 3000, but since march of 2000, she sent a monthly letter to all clients telling them NOW is the time to buy, when things are down. This letter went out every month to all her clients since march 2000. I even got one last month, same letter. Amazing. Anybody that listened, got their ass burned. But what bothers me most is I had a CD mature. I told her I wanted to keep it in cash, available to put to work in the event the market gets killed and I will buy at low prices. She had the gall to mention I should consider shorting. Where the hell was she telling me this when all these stocks she told me not to sell were at $100 - $200 a share, and instead is telling me to short with many of these stocks at $1 - $10, and some $10 - $20???? All of a sudden she wants me to short after everyuthing has fallen 90 freakin%?? Simply Amazing. And now of course she is not recommending buying, even though I got my normal letter in january telling me to BUY BUY BUY......

Needless to say, I havenmt taken her advice in years, and I dont blame her for me not cashing out in march of 2000. It's my money and the end result is it is my decision. I should have stuck to my gut, but when she went on her rampage about how well I was doing and how close I was to being financially set for life, and how we shouldnt sell at the bottom and If I do I will miss the next leg up....well, I listened to all that, saw dollar signs and early retirement<ggg>, and decided, she was the pro, she should know best, so I listened to her and didnt cash out. My fault, but if only she wasnt so persistant, I would have been out with most of my $2 stocks still well over $100 a share......BUY BUY BUY all the way down, then when we are down, they switch and say SELL SELL SELL.....simply amazing....and they get paid for this $hit?? My dog could predict the market better then my broker...thank god I dont listen to her anymore, but I wish I didnt listen to her back in 2000...........