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Technology Stocks : The Roaring Twenty 1998 -- Ignore unavailable to you. Want to Upgrade?

To: White Shoes who wrote (175)	8/23/1998 12:56:00 AM
From: Mike McFarland	Read Replies (2) \| Respond to of 338

Way too many trades! I know how excessive trading can make you feel. Got any feedback/advice on this thought: The red hot market last spring took my acct up by more than a factor of four...trading all the way (probably this is no great achievement...lots of folks saw terrifically obscene gains). Anyway, now that we are apparently in a bear market--the trading is pretty useless, and the account has been nearly halved from the top. What to do? I have simply self-destructed. It suppose it was a good lesson, it certainly has been humbling. Now...I have a handful of biotechs that I cant really part with, but also some cash and a fairly cheap, but dull stock I just picked up and could just as easily dump on an uptick. But the fact remains that I think I've really screwed up--denial that we are in a bear market. Cut and run? The thing is, everyday interest rates fall some more, and it just doesn't seem to sink in that, despite what should be a favorable environment for US stocks, that maybe the party is over. I hope your trading is going better than mine! eom