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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Diamondhead who wrote (4399)	1/21/1999 12:59:00 AM
From: Diamondhead	Respond to of 60323

My read on the stock price is that we hit the resistence point from the last high (after the drop from 40 it recovered to 26 something). If others are like me they sold or had sell limits in. I had sells orders in around 26 last week, but didn't renew them this week because of fear of not being able to get back in before the next run up. Many people decided to eat their half of the chicken as Craig F. described in a previous post. Re. MMC in digital phones: How can we find out what the phone makers are up to (before a Sandisk press release I hope!). Have any of you done much research on digital phones or post on any SI stock threads that do digital phones? Please share what you know. Thanks. Kevin

To: Diamondhead who wrote (4399)	1/21/1999 2:48:00 AM
From: Craig Freeman	Respond to of 60323

Kevin, I've sold shares and watched them climb many times. And every time I kicked myself (well ,, almost). I eventually stopped beating myself up and created a spreadsheet that displayed a comparison of how well I would have done by holding everything I owned on January 1st versus how things actually played out during the year. What I found was surprising. For all the times that I had sold "too soon", on average I had used the cash to buy something shortly thereafter that did even better. Odds are good that upon analysis of your own situation, you'll find that selling isn't really selling but rather trading shares for those of another company. There's also something called "utility theory" that's worth considering. Studies show that the average person doesn't treat gains and losses in the same way. In fact, it takes about $2 in "winnings" to emotionally offset $1 in losses. The happiest man in the room is often not the richest one but rather the one who has never been poor. There's a lot of logic in taking back a few chips on your winners. It may lower your overall profits in a rising market but it protects you from overwhelming losses when the market turns. If you're the kind who bets it all on "00" and waits, I commend you for having the guts to do it. For I am more likely to play Blackjack, watch every card like a hawk, and leave with a small but pleasing profit. Craig