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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: ComradeBrehznev who wrote (33401)	4/13/1999 6:05:00 PM
From: Tom DuBois	Read Replies (1) \| Respond to of 120523

Always good to read the confessions of an idiot...here's mine. Bought NTBK @ $62 mid March. Watched it go to $53 and thought I'd "get something out of this" so wrote a covered Apr 65 call. Think I'll get exercised????

To: ComradeBrehznev who wrote (33401)	4/13/1999 6:09:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Comrade..you will have ample opportunity for more trades. So you lost 1 good days revenue or maybe 2. If you hitch a ride on another winner you will forget this one soon enough.

To: ComradeBrehznev who wrote (33401)	4/13/1999 6:12:00 PM
From: Rose K	Read Replies (5) \| Respond to of 120523

Comrade: Don't feel bad. I didn't do all that great either, today. Although I did have CYCH which I thought was a washout and it has made a nice comeback. I think it's fear that has kept me from getting these great internet buys. I have been trading for about a year now and have lost a bundle during that time. (I consider it tuition--unfortunately it's Harvard not Community College tuition). I have started trying to do technical analysis, but I'm still unsure about my skills at reading the charts. Now I tend to be overly cautious and I tend to sell too soon. For about six months I was having a great time--buying and selling everything imaginable and reading everything I could get my hands on. I tried penny stocks, tech stocks, newsletters, gurus, everything that all the other "newbies" try. I made a pretty decent profit. Went from about $20K to $30K in about six months. Then I "discovered" options and they did me in. I bought too many techs, way out of the money and my account became totally out of control. Pretty soon I had no account. I have literally crawled back from a balance of about $200.00 (seriously) to several thousand. Now that I feel I am becoming successful at trading options, I tend to be overly cautious in choosing stocks and options to trade. I'm working on that. I was going to buy NTBK when it was on the Watch List at 57. I kept missing the ask price because it got raised every time I put in my limit order. I didn't chase it. It ran up that day and fell back 63 a day or two later. I didn't get it because I was concentrating on some other stocks. When it was 90 a few days ago, Jenna posted that it was a buy. I wondered how a stock that had already run up so much could still be a buy, especially with so many bears talking about how overpriced the 'nets are and that the market has reached the top, etc. Instead of NTBK I opted for Open Market, Inc. (earnings play) which was much lower in price, but didn't go very far. Needless to say, I have learned another important lesson. I am still learning so I am very grateful to Jenna for her great picks and to everyone on this thread for their help and encouragement. I have recouped a portion of last year's loss with VRIO and I am learning to make some good decisions, but I have to keep studying those books on Technical Analysis. So hang in there! I know that if we keep at it we will be successful. I believe that the reason that Jenna is so successful is because she shares so selflessly with others. She even posts information on this thread for those who are not members so that they can participate, too. I think that is more than commendable. Jenna, you deserve every success you have AND MORE. Don't give up, CB. We'll have our days, too. GOOD LUCK. Rose

To: ComradeBrehznev who wrote (33401)	4/13/1999 7:37:00 PM
From: croonerjim	Respond to of 120523

You are not an IDIOT, just a cautious trader like me! I too, have similar stories--NETG, PSIX, COVD (ouch!). The important thing is are you still making money and not giving it back! There's another winner tomorrow! JIM

To: ComradeBrehznev who wrote (33401)	4/13/1999 7:55:00 PM
From: kendall harmon	Read Replies (2) \| Respond to of 120523

Comrade, if I had a few dollars for every day I did something like this, I would have a lot of money. It adds a lot to the thread when people are honest like you were--the important thing is to own your mistakes, analyze them and learn from them, and then move on. Stocks that go up, go up more. It took me years to learn this simple principle which is often true, and forms the backbone of successful trading. One of these easiest mistakes to make is to exit winners too early. Right now there are people who shorted NTBK today or who think it will be a great short since it is fundamentally overvalued. The chances are it will go still higher. Even if you get stopped out, mental stops are a good discipline. You can always get back in later.