At 08:31 AM 4/17/00 -0400, Gerald Oskoboiny wrote:
>I'm not the only one, this guy on raging bull's boards made and
>lost a fortune:
My mistake was to _finally_ get into QQQ (a NASDAQ index) at the wrong time.
I thought tech stocks were way over-valued, but I've been saying that for 18
months, and the prices just kept going up, so I finally do it (figuring yes
they'll be a dip, but I'll ride the continued rise before the dip), and
wammo! But I'm not too concerned. Most of the NASDAQ 100 companies will be
around and doing well a year from now, and I can hold long for that length
of time and longer. So it's kind of annoying, but you got to take the long
My only speculative stock (a bio-tech) that tanked, tanked big time, but I
didn't have that much money in it. This has encouraged me to be much more
disciplined in doing research and analysis when buying, instead of some of
the gut decisions I was doing.
That is insane. I heard one of the Gardner's cite a study that 80% of day
traders LOSE money.
Joseph Reagle E0 D5 B2 05 B6 12 DA 65 BE 4D E3 C1 6A 66 25 4E
"Life shrinks or expands in proportion to one's courage." - Anais Nin