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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (4173)	1/13/1999 9:40:00 AM
From: Trader J	Read Replies (1) \| Respond to of 56532

Poet: Is 100% correct. If you MUST stay online and cannot get away from the computer to take a walk, stay here on SI and don't watch the market's every tick. I like Poet's list of respected SI people, and I highly suggest that we use them, or whatever it takes, as a distraction. It won't take long for things to come back and NEVER use a market sell on a day like today. Good post Poet. TJ

To: Poet who wrote (4173)	1/13/1999 9:47:00 AM
From: Mike McFarland	Respond to of 56532

Let's make it our goal to NOT lose money today If a person has positions they are happy with for the "long term", as cliche as that sounds, there is no reason to even check the quotes. I know that I am not going to look at my stocks...on a day like today microcap biotech could go down 20% as a group, and then come right back that much tomorrow. However, I would not be in the sector I'm in if I cared about 20% moves...and so I wont bother visiting quote.yahoo or my broker's website today. If the market does very poorly for a few weeks however, I would strongly consider cutting a check to add to a couple of my favorite positions, thus raising my percentage of assets in stocks from the 33% where I am now. --Mike

To: Poet who wrote (4173)	1/13/1999 9:51:00 AM
From: MMK	Read Replies (2) \| Respond to of 56532

Poet: Great thoughts. You are getting very wise with the coming of the new year...not that you weren't wise last year. Just think what the new millenium could do ;) Feels pretty hopeless/helpless watching the market. Trying to keep a positive outlook but can still feel my heart pounding. Guess I may get my desk cleaned off (after I eat my M & M's) Would like to thank everyone for helping calm my panic this am. Knew as soon as I first typed here asking for HELP, that my market order at open was wrong. Pretty stupid. It is always a learning experience to see how you react to an "emergency" situation. It is very nice to have so many helpful people out there. Now just sitting, waiting, watching... and eating M & M's. MMK