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To: Sonny McWilliams who wrote (12320)10/27/1997 6:50:00 PM
From: dougjn  Read Replies (1) | Respond to of 27012
 
Sonny, we are in panic mode. It will end. When it does, we will strongly rally. The key is to not miss much of the rally. To get in fast. I'm still not gonna sell my deep profits, even though they are a little less deep now. :(

But I've been selling down, and will likely to continue to do so. In part. But then get back in fast. Fast. I fully believe in my stocks and market hasn't shaken that whatsoever. What I have less confidence in is how far/long the panic mode will last.

The worst thing, after all is to get sold out w/margin call at market bottom. While I had lightened up going into this, still, w/10% down today in tech stocks, generally (my diversified portfolio down 5.5%), you gotta plan to avoid the worst, and risk loosing a small bit of the upside.

Regards, Doug

(And it is absolutely clear that in this environment, nothing said here is gonna move anything, so lets all speak our minds completely. And hopefully get feedback.)