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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?


To: WTMHouston who wrote (10718)4/16/1998 4:04:00 PM
From: Rudy  Respond to of 13456
 
Troy, if you had gone SEEK long you'd be leading now :-) Anyhuu, I am tuned in for XCIT earnings report. It may bring out the last set of suckers out there to come and buy SEEK :-) I think some people will be quite hurt after this mania is over. Hope it won't be me :-)



To: WTMHouston who wrote (10718)4/16/1998 4:21:00 PM
From: Rudy  Read Replies (1) | Respond to of 13456
 
Trigger happiness and panic cost me today!!!

I usually try to stay calm and play with resistance/support levels rather than mental fixations of how much a stock should go up or can go down. However, early this morning my quote service (NAQ) got frozen (that piece of #%&$) at a time while two of my stocks SEEK and OMKT were going down. Along with all that my broker's (National Discount) site did not let me in (that piece of *%$#@). All these helped me lose my cool and I called the broker and sold both stocks, SEEK at 36-9/16 and OMKT at 23-3/8. Shortly they both recovered (in a matter of minutes) and the services returned to normal. I bought SEEK back at 40-9/16 and did not touch OMKT although it was in an uptrend.
SEEK closed 44-3/16, OMKT at 28-3/8. Total paper loss 1800 (SEEK) and 1500 OMKT, 3300 paper dollars!!!

5 minutes, primitive technology, and human weakness cost me 3300 in 10 minutes. Soooo??? Is it good to dwell on what if scenerios? I will not however I will try to be cooler and also call the customer services of those two services and let them know what I thought about em today!

Good luck to all.