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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Chi-X who wrote (9788)	4/12/1998 1:16:00 AM
From: Sonny Blue	Respond to of 27307

Chi-X >>>I bought YHOO at around $33 before the split last Spring. Sold it for a few bucks. If only I knew what I know now.<<<< That's ok! We all make the same mistakes, including the big guy: --------------------------------------------------------------------- Cramer on How Traders Wrestle With Past Actions... Perhaps the most difficult aspect of being a good trader is to learn how to accept the past and deal with it in a way that does not cloud your judgment. .... If you wanted to buy some Yahoo as I did on Wednesday before the number came out, you would probably be stymied by one of two things. You might have sold it long ago, maybe as much as 30 or 40 or even 50 points ago, and then be troubled with the notion of "buying it all the way up here after having sold it much lower." Or you might be long it already, with a basis that has a 4, a 3, or even a 2 in front of it and you don't want to "ruin" your basis with stock that costs 98. ....... A great trader starts her positions from zero everyday. So what if you own Yahoo at $34, your basis, for the purposes of the Trading Goddess, is zero. You start from scratch everyday. You should also have no memory of what you may or may not have done in Yahoo before. So what if you sold it? That's plainly irrelevant. Today Yahoo is at zero. If you think it is going up, you buy it. That is your only criterion for purchase decision ..... -----------------------------------------------------------------