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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: HG who wrote (42218)1/5/1999 12:15:00 AM
From: Lucretius  Read Replies (2) | Respond to of 132070
 
it will be interesting to see if you stick to your sell stop. Most do not. Oce they lose that kind of money, they always think it will bounce a little so they can get some back... but it never does.

I thnk you could see these net stocks lose 80 to 90% of their value in a few days if the overall mkt began to sell off. The would likely gap down 30%. something to keep in mind.



To: HG who wrote (42218)1/5/1999 12:31:00 AM
From: wlheatmoon  Respond to of 132070
 
At the present price of 250, it means a correction to around 140. And I wouldn't even blink.
Don't kid yourself.

I come out with most of my principle intact and a normal overall increase in my portfolio for 1998 - which is what I would normally have had to start with.
No one is satisfied with normal gains anymore, hence, the ridiculous speculation.

Its like living in sarajevo - everybody thinks it must be hell, but people living there develop sensory filters and other defence mechanisms.
The people living there might have developed rationalization for the insanity, but make no mistake, they still think it's hell.

of course, just my opinion.

mike