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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: freeus who wrote (63053)9/1/1998 6:05:00 PM
From: Patrick E.McDaniel  Read Replies (2) | Respond to of 176387
 
freeus, if we are ever going to get you into congress and eventually into the White House we can't have you putting comments like this on the record. "I panicked"

In the future, you should try to blame others for bad advice, a memory lapse or your dog ate your homework.

:o)



To: freeus who wrote (63053)9/1/1998 7:16:00 PM
From: Mohan Marette  Read Replies (3) | Respond to of 176387
 
You think I know!!!!

freeus:

"I panicked (second time, did last year too)...."

I know I remember.

You know what,have you heard of this old day who died couple of years ago in NY, I think, who had sizeable amount (20 million or so) in her portfolio when she died?????? Anyway she had just a regular job at the IRS or something but she invested every month a part of her salary in blue chip companies little bit at a time,never sold anything and never worried about the noise,the market gyrations etc etc....She never sold anything but did buy little bit every month and look what happened.No margins,no market timing, no options,no listening to the pundits and wall street gurus and look what happened. Of course it wasn't very exciting or anything but that is one way to do it I suppose.



To: freeus who wrote (63053)9/1/1998 7:35:00 PM
From: Sig  Read Replies (1) | Respond to of 176387
 
Freeus:
According to this Nasdaq chart most investors panicked.
quote.yahoo.com^IXIC&d=1y.
IMO part of this was caused by the fact there seems to be "nobody home" in Washington.
This kind of stuff gets to me a few times a year also, so I
picked today to sell some Dell and csco to get off margin. It is
almost always costly to do that. I replaced those by buying Dell 2001 Leaps as they are far less worry to hold
So expect panic to occur now and then, try to get thru it
with minor adjustments, work to keep or build up the Dell holdings.
Good luck
Sig




To: freeus who wrote (63053)9/1/1998 9:05:00 PM
From: Mazman  Read Replies (3) | Respond to of 176387
 
freeus,

You mentioned getting a margin call. Did you sell off on Monday because you had to raise the cash by close of market Monday? Otherwise, since you have three full business days to raise the money after getting the margin call, why not do nothing for at least a day, sleep on it, get some distance from the panic and madness of the moment, and then re-examine your position in the morning?

regards,
mazman



To: freeus who wrote (63053)9/1/1998 11:15:00 PM
From: Jorge  Read Replies (1) | Respond to of 176387
 
Freeus...<<Ok so how do I learn to stop panicking?>>

1)...How old are you, and ask yourself when you will need/want the money from your investments?....If you can live without touching your stock investments for 5, 10, 15 or more years you have passed the first test in making a decision not to sell.

2)...Re-check the company's fundamentals, then compare them to the rest of the sector...Will they in most likelihood be the leader at the end of a Correction/Bear Mkt.?.....If you have answered the questions with "Blue Chip Leader, All The Way" you have passed the second and final test for deciding when to sell.

For me,I'm 47 years old so I'm in good shape for Question #1 and YES, YES, YES to Question #2...I made up my mind not to sell and only wished I could have bought more...If you can make it that simple you will sleep like a baby....I hope this helps.

Regards, George



To: freeus who wrote (63053)9/2/1998 1:49:00 AM
From: Chuzzlewit  Read Replies (2) | Respond to of 176387
 
Freeus, seems to me this is now the third time we are having this conversation. Here's how to stop panicking:

1. Don't buy on margin (unless you have very deep pockets).
2. Ignore the stock market.
3. Pay attention to the company's long term prospects.
4. Limit your time reading SI posts.
5. Reread the sections in Malkiel's book on the pitfalls of timing the market.

TTFN,
CTC