What Happened????

[IIC]

Something is wrong...I cannot even post my stuff...Replying is difficult to say the least...I am an Intermediate in html...But it appears that the posting problem is html related...Did I miss something?...Most images don't appear either...Thought it might have been my computer...But same thing on 2 other computers today...Karel???

[New-born baby]

Something is wrong...I cannot even post my stuff...Replying is difficult to say the least...I am an Intermediate in html...But it appears that the posting problem is html related...Did I miss something?...Most images don't appear either...Thought it might have been my computer...But same thing on 2 other computers today...Karel???

Yes, lots of images are just "x" on the screen.

[IIC]

Yes, lots of images are just "x" on the screen.

NBB...When I am replying to your post I see some html codes...Plus some stuff(symbols) that I don't understand...Last night it was very difficult to post...Same today...Perhaps that's why I was too sharp in my posts to some...However, I did apologize for my comments...I was out of line on the EW stuff...Best To All...Doug(IIC)

[Runner]

NBB...When I am replying to your post I see some html codes...Plus some stuff(symbols) that I don't understand...Last night it was very difficult to post...Same today...Perhaps that's why I was too sharp in my posts to some...However, I did apologize for my comments...I was out of line on the EW stuff...Best To All...Doug(IIC)

Doug, I did not need to reply the way I did as well. I just did not think it was fair to the person who started the thread on EW. I also should not have thrown in my comments regarding earnings. I highly respect your thoughts regarding the markets.

[IIC]

Doug, I did not need to reply the way I did as well. I just did not think it was fair to the person who started the thread on EW. I also should not have thrown in my comments regarding earnings. I highly respect your thoughts regarding the markets.

No prob...We've known each other quite a while...Even before we were here at Mr. M...I think you are a very good guy...And I will say that you have come a long way and you have learned a lot more about some things about the market than I will ever hope to know...I certainly respect you for that.But there is probably a little more to my frustration...And this probably has some bearing on my attitude...In fact, I know it does...I have lost a heck of a lot of money these past 3 weeks...I normally present myself on the Net as having Nerves of Steel...And normally I do...And to be honest...I am not worried about my own situation...But I am ticked off at myself for my 3 longer term holdings...WITS, ICOC, ABAX...I think I was taking my own frustration out on others...So I sincerely do apologize to you and the others I may have offended.I have been thru major losses in the past...I'll get it back...I know that...But maybe I only have nerves of Aluminum...Thanks...Doug(IIC)

[gerihearne]

surviving the market?

No prob...We've known each other quite a while...Even before we were here at Mr. M...I think you are a very good guy...And I will say that you have come a long way and you have learned a lot more about some things about the market than I will ever hope to know...I certainly respect you for that.But there is probably a little more to my frustration...And this probably has some bearing on my attitude...In fact, I know it does...I have lost a heck of a lot of money these past 3 weeks...I normally present myself on the Net as having Nerves of Steel...And normally I do...And to be honest...I am not worried about my own situation...But I am ticked off at myself for my 3 longer term holdings...WITS, ICOC, ABAX...I think I was taking my own frustration out on others...So I sincerely do apologize to you and the others I may have offended.I have been thru major losses in the past...I'll get it back...I know that...But maybe I only have nerves of Aluminum...Thanks...Doug(IIC)

Doug, as you know i'm a newbie, been trading all of 7 or 8 months. But this market is htting me where it hurts now: straight at my capital investment. You say you've been through major losses, and back again. I was hoping you could tell me what you do during rocky times: do you hang on and wait for the market to come back? Do you get out of everything and sit in cash? A mix of things?
Cordially,
Geri

[gerihearne]

surviving the market?

No prob...We've known each other quite a while...Even before we were here at Mr. M...I think you are a very good guy...And I will say that you have come a long way and you have learned a lot more about some things about the market than I will ever hope to know...I certainly respect you for that.But there is probably a little more to my frustration...And this probably has some bearing on my attitude...In fact, I know it does...I have lost a heck of a lot of money these past 3 weeks...I normally present myself on the Net as having Nerves of Steel...And normally I do...And to be honest...I am not worried about my own situation...But I am ticked off at myself for my 3 longer term holdings...WITS, ICOC, ABAX...I think I was taking my own frustration out on others...So I sincerely do apologize to you and the others I may have offended.I have been thru major losses in the past...I'll get it back...I know that...But maybe I only have nerves of Aluminum...Thanks...Doug(IIC)

Doug, as you know i'm a newbie, been trading all of 7 or 8 months. But this market is htting me where it hurts now: straight at my capital investment. You say you've been through major losses, and back again. I was hoping you could tell me what you do during rocky times: do you hang on and wait for the market to come back? Do you get out of everything and sit in cash? A mix of things?
Cordially,
Geri

[JohnHenry]

do you hang on and wait for the market to come back? Do you get out of everything and sit in cash? A mix of things?
Cordially,
Geri

Isn't the rule to get out if it dips below 7-8% of the purchased price?

[gerihearne]

not for everybody

Isn't the rule to get out if it dips below 7-8% of the purchased price?

Some investors, like Mr. Market, buy a stock and keep it til it hits his price. Sometimes that takes several weeks, sometimes it meanders and could take several months, even a year.

Spike gets out when it dips to his risk point.

I'm curious about Doug's strategy.

How is your big stock doing?

[IIC]

Doug, as you know i'm a newbie, been trading all of 7 or 8 months. But this market is htting me where it hurts now: straight at my capital investment. You say you've been through major losses, and back again. I was hoping you could tell me what you do during rocky times: do you hang on and wait for the market to come back? Do you get out of everything and sit in cash? A mix of things?
Cordially,
Geri

The last time this happened to me was the last week of September 2003...I held everything until almost the bottom on each...Then I cashed out...At that time I was +56% YTD...I told myself that I would hold till I lost half of my profits if that's what it took...When I lost half...I cashed out...I stuck to my guns which was good...But that was a brief setback in a good year. If I had held all of my stocks I would have been back where I started within 2 weeks. As it was I started from cash again in early October and it was a great 3 2/3 months....I made it all back and quite a bit more. In July 2002 the market was correcting(since April)...as it was going dn. everything I owned was still going up...Thought I had outsmarted the market...Wrong...Within 2 weeks in mid July all my YTD profits were gone....I made money in '02...But not nearly as much as I should have. I was in cash at the beginning of 9/87 and again by 2/00...But I will attribute that to listening to IBD.I've had many other ups and downs...Usually I have bailed at the first sign of trouble...I recognized trouble brewing when 2313 could not hold...But this time I decided that these 3 stocks are good companies and I think they will come back...I sold all the others. I'm 16 for my last 19 dt's...But nothing specatacular...Today I was tempted...But I couldn't figure out what was happening...Sometimes you just have to admit that it is too tuff and stay out. How low do we go??? I don't know...But my gut says 2120 is the absolute bottom right now...And I think many eps winners will be back soon...But not all...Best, Doug

[IIC]

Isn't the rule to get out if it dips below 7-8% of the purchased price?

The CANSLIM RULE is that...But it isn't everyone's rule...Depends...Doug

[Karel]

Something is wrong...I cannot even post my stuff...Replying is difficult to say the least...I am an Intermediate in html...But it appears that the posting problem is html related...Did I miss something?...Most images don't appear either...Thought it might have been my computer...But same thing on 2 other computers today...Karel???

Yes, you missed something. Perhaps we better make a formal announcement next time we do it, but Richard, our third man, installed a major upgrade to the board software. We are now up to date again, minus some wrinkles.

Regards,

Karel

[JohnHenry]

The CANSLIM RULE is that...But it isn't everyone's rule...Depends...Doug

Is it because you shouldn't jump at the thought of selling when you see a 8% put back for that day or maybe wait to see if it will go up the next trading day? Please explain? Thanks

[gerihearne]

big thanks!

Thanks for sharing Doug ...
YOU ARE HUGE!!!!!!!!!!!!!!!!!!
Cordially,
Geri

[IIC]

Is it because you shouldn't jump at the thought of selling when you see a 8% put back for that day or maybe wait to see if it will go up the next trading day? Please explain? Thanks

It is a personal decision...I was a pretty strict Canslimmer from the 70's till 2000 although I basically used 10%...But it 2000 I found that I was getting shaken out a lot. Maybe I was buying at the wrong time or maybe Canslim doesn't take into account the increased volatility that started occurring in the 90's.I'd say you have to try and determine why a stock went down. That's pretty tough though.In my dt's I rarely lose more than 2%...Of course I raely make more than 4% on dt's...Doug