Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Tiemann who wrote (12857)	10/27/1997 3:27:00 PM
From: Gaston Teran	Read Replies (2) \| Respond to of 50167

Bruce, It depends on you. If you are a long-term holder, stick with it. But if you are an active trader and can't afford to lose a chunk of your money, get out. This morning when things started to look bleak (Dow was around -200) I got out and stayed out. When the stock market turns into a wild animal, I don't get in it's way and simply step to the sidelines. Gaston

To: Bruce Tiemann who wrote (12857)	10/27/1997 3:41:00 PM
From: IQBAL LATIF	Respond to of 50167

Bruce- It is something a toal disaster- I got out of my puts and had re-establish on break of 919, still the end is not in sight. I am sure this is strange and Mutual funds cashing out- but lets see where it stops- right now 870 S&P.

To: Bruce Tiemann who wrote (12857)	10/27/1997 9:36:00 PM
From: raymond marcotte	Respond to of 50167

nobody should be staking their retirement on THIS market. the collapse is a short lived phenomenon. don't sell! risk is not for the faint hearted, but one must live through a few of these to understand that. @ 62 i have seen my share hardest lesson to learn about the stock market is to sit on one's hands when everyone looks like they are in the pit of the futures exchange. invest for the long run and only flush out a stock when management turns sour. vigalence is rewarded. i never leave that up to investment managers. read the quarterly reports, annual reports, and discount almost all of the remaing news. always keep a little nest-egg for opportunities like this dip and don't try to pick the exact bottom. with experience and patience you will develop the instincts for when to buy. be satisfied with being right 3-4 out of every 5 times. most of asset allocation is pure bs! as soon as i hear gold i bristle. never touched it, never missed it, and never smoked it.