To: Andrew Vance who wrote (15153 ) 8/6/1998 1:57:00 PM From: Proud_Infidel Read Replies (1) | Respond to of 17305
Andrew, I know it's easier said than done, but try not to let the letter get to you. You have helped so many people with your insight and forthrightness and IMO do not need to make any apologies. You even state in thread title a long disclaimer, which most people would not take the time to do. On the whole, I think you'll find your support unwavering. Regards, BrianDISCLAIMER 1. The use of margin can create problems if the market turns against you. 2. We do not recommend anyone use margin or consider using margin since it is a very risky proposition. 3. No one should ever "bet the farm" on any one or two stocks talked about on this thread. 4. Most of the stocks we talk about are considered highly speculative and extremely volatile. Few, if any can be considered conservative investments when compared with utility stocks that pay dividends. 5. No one should invest in any stock we talk about until you feel comfortable with the stock, understand the stock and its risks, and/or have done your own background validations. 6. Never follow me or others into a stock because we are buying and we seem to know what we are doing. Do not be a blind follower but rather an informed investor. 7. Please do not invest any money that you cannot afford to have sit for 12-24 months just in case things go the wrong way. 8. Please do not invest any money you cannot afford to lose nor invest any money that is required to pay bills for the next 12 months. 9. Have a definitive entry, exit, and stop loss prices firmly set for everything you invest in and re-evaluate these points on a continuous basis, based on market conditions. 10. Never let greed get the best of you. What goes up real fast has a tendency to come down as fast so take profits when presented and try not to look back.