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this is why when I own a position,, I ALWAYS have a profit objective
I sell enough shares to cover my cost and comm,,
and leave the rest of the position to run,,
(only to the next stop loss or profit objective)
YOU ALWAYS HAVE TO HAVE BOTH IN YOUR PLAN!!!!!
----- Original Message -----
From: "bondo92677" <bruce.larson@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, August 01, 2002 12:16 PM
Subject: Re: [RT] bear market stats
> Yup, just ask Bernie Ebbers. $300million margin call wasn't it? The
> Japanese had limitless real estate wealth in the late 80s but could
> not sell because of high tax rates. They leveraged their assumed
> wealth until all the dominoes fell.
> Wealth does evaporate without transfer. A stock does not have to
> change hands to go lower. No bids = lower price. Everyone owns it
> at $100. Next morning its at $10. The only winners are the corp
> issuer which in the case of tech burned up the cash pursuing
> profitless dreams and the fed gov't which taxes you on your worthless
> unexercised stock options.
>
>
>
> --- In realtraders@xxxx, "Ray Raffurty" <r.raffurty@xxxx> wrote:
> > Wrong, wrong, wrong, wrong, wrong, wrong, wrong, wrong, wrong,
> wrong, wrong, wrong, wrong, wrong, wrong, wrong, wrong, wrong, wrong,
> wrong, wrong, wrong, wrong, wrong, wrong. If you believe this, STOP
> INVESTING/TRADING NOW. You are in great danger.
> >
> > You are only "wealthy" on paper. You have NO wealth until you take
> profits. A bank will gladly loan you money on 50% of your paper
> wealth, then sell 100% of the position (or whatever % is required to
> make THEM nor you whole if the stock drops below 40%) at any cost to
> you.
> >
> > Good luck (you'll need it) and good trading.
> >
> > Ray Raffurty
> >
> >
> > ----- Original Message -----
> > From: Steve Walker
> > To: realtraders@xxxx
> > Sent: Thursday, August 01, 2002 11:34 AM
> > Subject: Re: [RT] bear market stats
> >
> >
> > Wealth does disappear to the extent the market moves higher after
> the
> > purchase and then retreats.
> >
> > >>> r.raffurty@xxxx 08/01/02 10:30AM >>>
> > Recently the Democrats have been harping on the 7.7 trillion loss
> in
> > market cap. This shows a total lack of understanding on how
> markets
> > work.
> >
> > If a person is stupid enough to by stock in Dr. Coop.com (fill in
> your
> > favorite dead stock) at $80 they deserve to drive a Dodge Omni
> with
> > 100,000 miles (they probably paid 2995.00 for that too).
> >
> > The point is that the 7.7 trillion dollars did not disappear, it
> just
> > changed hands. The uninformed and greedy sucker ALWAYS gets
> clipped.
> > CNBC just ran a report about a couple that lost 75% of their
> account in
> > JDSU. Their kid wants to go to Duke University, so they are
> moving,
> > riding the subway, etc. He was man enough to admit it was his
> fault,
> > but fell short of admitting it was GREED, pure and simple, that
> made him
> > buy an over priced stock and IGNORANCE that prevented him from
> > protecting his position with options or even stops. The person
> (s) who
> > sold him JDSU at the top are driving the Porsche because they
> recognized
> > that the market could not go parabolic for long.
> >
> > If there is a case of fraud, a stock holder would have a
> legitimate
> > complaint and new laws may address some of this by returning ill
> gotten
> > grains to investors (if the feds can find the assets). However
> in most
> > cases this is not applicable. The vast majority of losses are
> caused by
> > GREED coupled with IGNORANCE. Now the great masses are crying to
> their
> > congress man "They never told me I could lose".
> >
> > Good luck and good trading,
> >
> > Ray Raffurty
> >
> > ----- Original Message -----
> > From: SLAWEKP@xxxx
> > To: REALTRADERS@xxxx
> > Sent: Thursday, August 01, 2002 6:03 AM
> > Subject: [RT] bear market stats
> >
> >
> >
> >
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> >
> >
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