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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (2094)10/27/1997 7:23:00 PM
From: ChrisJP  Read Replies (1) | Respond to of 37387
 
Hi Bosco, Crossy, Zeev, & all,

I thought I'd register in with my damage report too. For some reason, most everything I own is still higher than when I bought. It's when I compare them to their recent highs that my head begins to hurt . I'm not just talking about my longer term holds, but also the stuff I began buying in July, Aug, & Sept.

Zeev, you'll be happy to know that I sold my Fonar 2 weeks ago for 3 15/16. Since I bought at 3 11/16, when you subtract out Schwab commissions, I broke even. Obviously I have no complaints.

The big drops I got caught in are VTSS and SEEQ. I guess they're considered semi's so down they went. I bought SDTI a long time ago and sold a bunch at 40, but I still own 400 at 30 .

I'm hoping the drops in MLOG and CADE can be attributed to lack of liquidity and temporary insanity. If so, they should bounce back when buyers are convinced the panic selling is over. It still hurts to see them sold off at their current levels. I bought more MLOG Friday at the "bargain price" of 7 1/4 ! MLOG even had a promising announcement today. Didn't help at all.

Besides the paper losses, my biggest gripe is all this volatility is keeping me from concentrating on my day job (which I now know I will need to keep for a little while longer !)

Are we all long term investors now ?
Chris