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Technology Stocks : Random Musings of a Virgin Trader (was Dell Diary)

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To: powershred who started this subject11/2/2002 6:59:36 PM
From: powershred  Read Replies (1) of 210
Holy Cowabanga.....the lessons I learned....
- No such thing as buy and hold (but I already knew that right?).
- Once there is smoke; there oughta be fire(s) ala NT, GLW, JDSU, etc...
- Money management is better than being "right".
- There is only one person that you are accountable for your decision - YOU
- Amazingly enough, despite all the turbulence....DELL has been gravitating btw the the 20's! and seems to be getting its fingers into everything else from storage to printers to handhelds...whats next? phones?

A lot has happened since Feb 2001....
- 9/11 happened and the world aint the same....
- Telco imploded; overcapacity was the blamed culprit (greed more like it)
- Scandals.....Enron was the biggest...then came Worldcom...Tyco....heck, even Martha Stewart is embroiled in an insider trading case...a lot of hurtin goin on there!
- DOW is in the 8500 level; Naz at the 1300 level; both making 5 yr lows
- Headlines are about a double dip recession; almost every news is crappy; almost everyday the market losses ground...

The best thing about this thread....kept things in perspective and definitely a humbling learning experience....bulls and bears make money...pigs get slaughtered....or everyone is a genius during a bull run....
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