What's pretty sad, all these people who bought and held into tech stocks, net stocks, telecom etc. all tech heavy rode the wave from 96 or so on are pretty much sitting where they were or on a whole lotta nothing.

$COMPX is around lows of early 97, $INDU is around the "asian crisis" fall of 98.

What I think is the most appauling is that these anal-ists that come on tv and try to justify their views. The most horrid one saying something to the effect of "if you had a short time horizon, you shouldn't have been in stocks!" Well if you were vested 5 years ago planning to pull out now or even 5 Years from now you're S.O.L.

I guess the upside is there'll be no more Tv ads of Soccer moms running home to punch in a trade on their net stock before 4pm.

 

And the f*cking media is compounding the problem by talking about it incessantly.

 

Yeah I was told three years ago to hold onto my cmgi stock for a minumum of 5 years gee boy am I glad I still have it seeing as it is worth .47 cents a share now!

 

No kidding...here in Canada it is relentless and some of it is UNINFORMED.

 

Might be a good buying opportunity soon. My portfolio is doing pretty badly right now.

 

It amazes me that people keep selling now IMO it is too late to sell now. People let pyschology take over logic.

 

Haha...a hedge fund that shorts the Nasdaq 100 is up 95% so far this year...ridiculous!

 

Why?

NOT selling is a pyschology (and greed) problem. People tend to refuse to cut their losses when they are in the red and the outlook is bleak.

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I feel no pity for those who got in at a good price then rode it to the highs of '00 and now are complaining because their stock is worth pennies. What happened during that time from $60/share or greater till now? These people had PLENTY of time to get out and still make a profit.

 

People were just UNREALISTIC and greedy. These tech stocks esp. net ones didn't turn profits, just rode equity rises. Options were like candy, everyone wanted a piece of it.

I jumped before Y2k - dumped shares, moved into puts and bear funds. felt badly a couple months later...then april came and

 

Texasbman it boils down to the basics- buy low sell high, I am referring to people who won't buy stocks now, when the market is low but are selling and a lot of these people are the same ones who bought in the late 90's when everything was at a peak it is human nature it is in all of us but IMO one should not sell off their entire equity portfolio and go into fixed income at this point in the game.