Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: CGarcia who wrote (37428)	11/24/1998 7:43:00 PM
From: Richie	Read Replies (1) \| Respond to of 97611

*****OT****** Got the picture....and its a familiar one. I kick myself all the time for trades I have made......I am often in the right spot at the wrong time, or do not have enough patience to weather the storm. The only thing that will make you feel better is to make some cash back....hopefully that will come for you tomorrow......When you get it back, remember how painful it was to lose. Keep us posted! We don't like when bad things happen to one of the CPQ family! RichieH

To: CGarcia who wrote (37428)	11/24/1998 8:03:00 PM
From: John Koligman	Read Replies (2) \| Respond to of 97611

CGarcia - Off topic I'd like to (along with many others so far it seems!) put in my two cents on trading. I left my 'real job' a couple years back to try this full time. So far, I'm still here, but it is a frustrating game at times, one that can become very emotional if you let it. For trading, I do not touch what I term the 'super volatiles', such as the internet stocks. What I try to do is take positions in quality companies (generally large cap tech stocks) that are somewhat predictable. You can enter limit orders and get executions, with the internets you may be 10 bucks out of the money between the time your order goes in (market order) and gets executed. You can make a quick bundle, but if you trade in this manner it's more likely you will get wiped out. I also only take large positions in what I term the highest quality techs. Trading mistakes (if you are willing to make a trade an investment) will usually be rectified to your advantage with these types of issues. I hope you come out with a positive result on this trade. I do think that my past mistakes were by far my best learning experiences. I was reading the internet 'short' threads the other day, there is a guy named Roger Babb who does a bunch of posting on them. He mentioned that he has gotten several private messages over the past week or so from traders that shorted Yahoo, AMZN, and the like. He said in several cases they borrowed family money in addition to their own to do this, and have been totally wiped out. Again, the real lesson here is that it is just too dangerous to take one large position in a stock that is part of a group that does not trade in any rational manner. Best of luck to you. John