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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (3186)	11/15/1997 1:36:00 AM
From: Al Gutkin	Read Replies (1) \| Respond to of 10227

freeus: I felt like crying when I read your post, memories came back. I know how you feel, when I was 14, I worked during vacation in a mens clothing store brushing suits and washing windows. 1 week later my best friend conned me into playing pool with him. The old story, he let me win 3 games, then the bets started. When the smoke cleared I lost my hard earned weeks pay. I stopped gambling for 20 years. Then, based upon a friends advice, invested in Amdahl computers. Lost the family savings during a six hour flight from NY to Ca. Gene Amdahl sold out by flooding the market with stock. Now, another 20 years, later I have Nextel at an average of 28.5. Nextel is probably the best bet I ever made, but I'm still frightened, past memories linger. I think the first thing for you to do is sit back awhile, don't jump into anything in an attempt to win back the money. Think of this as an expensive learning experience. Investing is gambling, better odds than Vegas, but still gambling. If you want to gamble, make your number one rule "don't listen to other people when it comes to investing your own money" Number 2 rule "don't forget the number 1 rule" freeus: I have been reading your posts for quite a while, you're a pretty smart guy. You still have that, nobody can take that away. Get out of the house, take a long drive, really feel sorry for yourself, I mean, really get into it, get it out of your system, then, take a deep breath. You still have yourself, and YOU'RE QUITE A MAN for being able to admit that you made a mistake. You can hold your head up high! Get better freeus Al

To: freeus who wrote (3186)	11/15/1997 11:17:00 AM
From: Ramsey Su	Read Replies (3) \| Respond to of 10227

freeus, your post compelled me to bring up the "freeus effect" again. We all experience emotions and allow it to influence our investment decisions to various degrees. Reading your posts in the past, you seem to be on the easily influenced side vs someone like Arnie, who sounds like he adheres strictly to his strategy. Think about the "freeus effect" next time you feel ready to make a decision. When you have the feeling of euphoria and nothing can go wrong, it may be the time to sell. When your stomach is upside down and the world is about to end, it may be time to buy. Ramsey