To: Jesse who wrote (2705 ) 10/28/1997 7:58:00 PM From: Famularo Read Replies (3) | Respond to
Buy opportunities were all over the place. I had very little sleep last night, as I am very heavily positioned in many different equities. Jesse, as you know, ACA is my biggest dollar position with a few blue chips and other Diamond explorations. I was concerned over possible huge paper loss. This morning, before the North American markets opened, I tried to convince myself that there are no economic indicators that can justify such a selloff. As most of you know, this morning, the TSE was down approx. 230 points in fifteen minutes of trading. I did not sell, but was almost in tears. I had about 15% of my portfolio in Cash and started fishing for good stocks. I spent about 5%. I hope not to many of you sold in the panic selling. I had sold 60% of my portfolio, 10 years ago, on Black Monday at a loss. I know the feeling.
