To: Jane4IceCream who wrote (28661 ) 10/8/1998 12:01:00 AM From: Moonglow Read Replies (5) | Respond to of 50264
Jane, That was a nice note you wrote to Brooke. Thank you. I've been getting caught up on the thread (have been offline for a few days) and now I'm sitting here feeling guilty as hell because I don't have any losses in any of these stocks. Not guilty enough to all of a sudden get losses, but it's a really awful feeling to watch people suffer that you have grown to care for. I believed in all the early talk about this stock (and the others, too). I truly thought that DGIV would be at $15 by now...after the inevitable pullback once it was at $8). But the difference is that I had such a little bit to start with, that I just refuse to let a gain turn into a loss....so that when the stock price starts to fall...I always begin selling. My belief in a company has no bearing on how I trade. I might believe in a company more than anything...but if I start to see profits erode...or start to get a tiny loss...I sell. With DGIV, my biggest mistake in the beginning was that I sold too soon at first....couldn't believe how high it was going....and so didn't make as much as I could have. My second mistake was in calling in for my certificates. I'll never be stupid enough to do that again. Luckily for me, my self-survival instinct is so strong that it didn't have to take the stock price going much lower than $5 before I corrected that mistake. I always used to think that because I was always upfront about the fact that I was a trader that it was enough. But right now, I don't feel as though it was. I don't know what the answer is. What would be enough to prevent people from having to go through what they are going through now? If I had told people to sell, would they have listened? Back then....I doubt it. I didn't think I was doing anything so very smart....I just thought I was being a trader. What is ironic is that I had full intentions of buying back at lower prices with both DGIV and MTEI....but doggone if I didn't get stuck in a stock that was halted...and has been halted since late July...which has actually been good for me as far as I'm concerned...it meant I wasn't able to buy back DGIV at $1 or MTEI at 20 cents...which is what I had intended. As far as charts go...the chart for DGIV in July looked GREAT...but it didn't take but a few days of going into July to realize that the chart was beginning a reversal. Should I have told that? Probably...but I wasn't sure. So I just did what was right for me and sold more shares. I figured that I would probably regret it. Looks like I figured wrong. I think that October is going to be a bloodbath for many, many stocks and I have no idea what the future is for DGIV anymore. I'm not pro or con...cause I don't know. Will they get contracts? I hope so. I'd love to have a reason to buy more shares again. Will they get more funding? I hope so. I had been wondering where the money to run things was going to come from if there are no revenues yet...and yet then we're back to the $25 million from Germany (if it really is there...I have to think of Analyst10 when I say that)....and yet then I also think of risk-averse and his conversations with the German company. I don't know what to think anymore. So I just watch. Just like I'm watching all the market right now. Sorry for this long rambling post. I just feel so helpless...wishing I could do something...wishing I could've done more....wishing sometimes that I was as an adroit trader as you are....but yet still loving this feeling of "family", and yet feeling as though I should be an outcast...cause I came away unscathed. Didn't mean to...it's just what I do. I trade. I'll change my mind in a second's flash. One minute I think I'll hold onto shares for years...the next second I've changed my mind. All depends upon what the stock is doing. I've learned a lot from DGIV and MTEI though. I learned how to recognize signs that might help me from selling too soon....and I've learned to not bristle at basher's comments...no matter how inflammatory they might be. And most importantly...I've learned to keep using my own head...and not get caught up in excitement. And that was a hard lesson to learn...cause I'm easily excited. Anyway, Jane....you and I...we've been together through a lot of things. Glad to see you here. And Brooke...please don't let this experience of this summer dishearten you. Learn from it...we've all had to somewhere along the line. My first learning experience was with a stock called Rich Coast. I lost a ton on it. TMMI was next, but I didn't lose as much. But I never, ever gave up. The losses began to get fewer and farther between. Now the worst that happens is that I'll break even more or less. I still have some learning to do....but each experience teaches me more. I pray that it will be the same for you. Juanita