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.

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

To: Ramsey Su who wrote (3202)	11/15/1997 11:49:00 AM
From: William JH	Read Replies (1) \| Respond to of 10227

What causes euphoria or an upside down stomach? For me, it's when I foolishly turn on CNBC and listen to the journalists and never ending parade of experts. Then I begin to forget about the companies and think of my stocks as gambling chips. Think about the words the reporters use - plummet, soar, crash, 1987, 1929, and on and on. My defense against this is to try and ignore the financial wordsmiths.

To: Ramsey Su who wrote (3202)	11/15/1997 12:15:00 PM
From: fma	Respond to of 10227

All- I believe short of another 200 plus drop in Hong Kong, or our attempting to send Iraq back to the stone age this week, that we have seen Nextel's bottom. Sold my insurance puts a little earlier than Ed, but reinvested minor profits in 30 Jan calls. As our father mentor Arnie encouraged, look at the seasonal chart history, Nextel's super earnings report and growth prospects, and think if you were a fund manager reallocating funds this time of year, what would you be buying in the way of telcoms. Nokia or Erickson? Great stocks but look at the LARGE Asian exposure. Nokia is making a great comeback off its lows, but it took a 7 point hit in one day. If you were a fund manager, would you initiate new investment with this degree of risk? Al- I came back from skiing and you'd taken your medication, but maybe too much! Now your ingratiating and syrupy. Who is the true Al ... mellow teddy or cranky piranah. No don't change, I'll adjust to this new personna, just give me a few more days of fresh powder and thanks to Nextel and my old sponsors, a new pair of 195 parabolics and shiny but ouch stiff tnt boots. Freeus - Al's advice really wasn't too shabby, it's called flooding and is used to desensitize anxiety when it reaches a stage of immobilizing judgement - but you aren't there yet. I think you might want to give yourself permission to look beyond dichotomizing your market decisions in terms of good and bad, and instead label them with varying descriptors of their effectiveness. One of the first exercises you might try is to abandon your previously stated principal of making a mistake and then fleeing from the results. Suggestion ... go back to one of your prior stocks that you abandonned, I'd suggest TPRO but chose your own, and reinvest a 100 or 200 shares, and just sit on it for six months. Train yourself to look at it once a week, use what you learn during this exercise to rededicate yourself to what otherwise is obviously a well thought out strategy. You do your dd, you set targets, you define yourself as a trader or as an investor, and you decrease cognitive dissonance by continuing to strengthen the reason why you invested in the stock by adding to your research in the company. Last week was a hiccup, go skiing, come back, read the thread, think about who WCOM and MCII will want to alliance with, and smile. Wonderbread - end of year fund tax disbursement date? Reading AL and liking it too, Frank