To: ahhaha who wrote (5153 ) 2/7/1999 8:14:00 PM From: FR1 Read Replies (2) | Respond to of 29970
There are positive things in the near term for ATHM. T should get final approval from the feds and possibly before the T/TCI shareholder's Feb 17th meeting. A lot of positive things can happen from that point on since T will officially be in charge. Zacks poll of 13 brokers on ATHM has continued to go up and is now 4 strong buy, 8 moderate buy, 1 hold, zero moderate sell and zero strong sell recommendations. ************************ I am kind of amazed to see your latest posts, which seem to scream sell and forecast impending doom. exchange2000.com When you have lost 50% of your dough, you won't be thinking down those lines. You'll wish you had sold while regretting the naive view that things will continue along the merry path to wealth..... You like today's action. You are falling off a cliff and you like the view. When you used to post your basic philosophy, it seemed the opposite. Here is some of your old philosophy. Maybe it will give your strength:exchange2000.com The secret of success in investment is to HOLD . It is tough to hold, hard work. Trading is always a loser. Got that? ALWAYS . There never has been a trader in the history of the world that has come out ahead. ..... Sell a bad idea. Sell a good idea that has gone bad..... don't sell because "the experts know we are in a bear market", or "we've double topped", or "this play is obviously over-valued", or... No one knows the future. There are no closed time-like curves in this universe. You put your money down and take a chance. exchange2000.com You must be patient and buy when it looks BAD. If after you've bought you feel sick, that's the first indication that you're right. The next challenge is to resist the urge to sell as it rises. exchange2000.com Trading is a negative expected return game. I have spent 23 years and 15,000 option trades proving that truth. I was a broker, PSOE trader, institutional portfolio manager, and since 1970, stock investor for my own account. The only money that stayed with me after all of that came from stocks I bought and never sold no matter how dumpy or "overvalued" the companies were when I bought them. exchange2000.com Forget about how low it will go. You don't know that. You buy. If it goes lower, don't buy more. You buy more if it goes up from where you bought it. This is quite contrary to Wall Street thinking. They "average down". I "average up"....Try to buy at "the top". It keeps you long . Then don't sell if the price struggles back up to your buy point. If you do you're falling into the public fear/greed syndrome and that is part of Wall Street. Wall Street means failure. ******************************** I am wrong a lot and I know it is possible for anyone to be wrong. Maybe you are wrong on this impending great collapse? Don't forget, you were the one that advised us to stay away from AMZN when it was $10.05/share:exchange2000.com AMZN is further along the development/discovery path so requires an opportunity to buy. It'll get its come-uppance.” AMZN never did get its come-uppance. $10,000 then would be worth over $300,000 today. ********************************* I hope you are not getting depressed, terrified, and have sold your ATHM position. Even worse would be if you are shorting it. We don't need another Jesse Livermore. You remember him? Here he is:exchange2000.com The greatest trader of all time was Jesse Livermore. He committed suicide after shorting at the top in '29 .........you can never know how dumb people can be when in the grip of fear. ********************************************To be clear: I have always appreciated ahhaha's advice and especially like his technical analysis of ATHM. ******************************************** However, it seems you are incredibly negative on the market and I can not find any respectable analyst that seems to agree with you. Almost everyone is saying that this will be a up and down year with the techs leading the way as far as gains are concerned. Most everyone also seems to agree that the best place to be is with the leading businesses in each market (T, ATHM, YHOO, AOL, DELL, etc). Who do you know that is saying sell everything and head for the bomb shelter?