OINk! Oink!...OINK! I'm getting slaughtered in the market!

You guys were right. I'm tech. heavy and cash light! The ride on JNPR is making me sick! Hope you all are faring better than I today! Gotta go and watch my account disappear-see ya

If you're losing money now, just keep buying, we're talking tech here and its only going to go up. I just can't see us going back to living in caves and grunting to our women to go out an hunt for dinner. Then again, she may look good in a leopard pelt two-piece....

Adam Roseneck
Worst case scenerio you can sleep in the P-car!

I just love to grunt at women.
Mark

Hold the stocks. They will rebound... Eventually... I hope.

I am a fairly conservative investor and I have been raped this year also. I am just going to hold until they rebound since they are large companies and are not goint to fold.

The worst part is the taxes is that I owe for early 2000 gains! I refuse to sell stock at a loss just to pay the tax man! GD TAXES !!!

We owe so much this year in capital gains that my wife is agreeing to move to Europe. There the taxes are high, but at least you get health care built in and 4 weeks vacation and the autobahn... I better just stop before I convince myself to move

Flat Tax Now!!!!

I would assume that most of the people that are reading this board are somewhere between the middle and upper class if not higher. You guys actually have it easy down there in the US (I assume that most of you are Americans). You should see how people are taxed up here (Canada), it is absolutly rediculous, especially if you make over 50K a year. The government actually punishes you for making more money by taxing you.

I actually just read a good book about this and other subjects and I reccomend it to anyone who has their own business or plans on creating one. Check it out, the author is Robert Kiosaki (spelling?) and the book is called "Rich Dad, Poor Dad".

Sorry for the offtopic post, just wanted to pass the word on and possibly help some p-car guys out.

Adam Roseneck

Adam

To learn about unfair taxation and punishing people for earning extra cash you should visit Denmark. 25% VAT and 180% registration tax on all cars.... You pay this once and can't redo it. Then there's the progressive income tax....and the road tax...and the.... ok I could go on for a long time. So every time you feel heavily taxed think about Denmark to feel better

Hope you didn't buy it on margin, if so watch the margin calls they hurt, you are better off bailing on the stock if so and taking a loss instead of a major devastating one that will permanently take you out of the market

I've been trading for a few years on and off and even tried day trading with Stocks and Futures and so I know what you are going thru

Jeff
78SC



[This message has been edited by jryerson (edited 02-16-2001).]

Adam - I am read Rich Dad, Poor Dad right now and it seems to be an excellent book so far. Also I recommend the Millionaire Next Door and the Millionaire Mind. Both very good and seem to compliment the Rich Dad, Poor Dad book in its observations, I say observations because the Millionaire books are really demographic/sociological research more than profound revelation.

My rules for investing are simple: No margin, No mutual funds, and No dot-coms. If the company cannot be liquidated for a resonable amount of money do not touch it. Then again I am fairly conservative.

Thanks!

You oinkers need to hedge your bets with a little G.E.

------------------
Robert Stoll
83 SC
83 944

This was post in the morning.....so I guess by know u are feeling very bad....
My way to trade....never give a step bigger than your pocket....and donīt be to greedy.
And donīt be a macho man when the market is down, other words hold for ever when it falls and sell fast when it goes up.
Put a stop-loss to your position and always execute it......

Pillow:
I hear you re the gains tax killing you. I handled it differently, though: sold plenty of losers in November to offset the gains taken earlier in the year. Waited 30 days (to comply with the wash sale rules), then bought the same stocks back.... at a lower price! So it was a real winning situation: I still own the same stocks, but will utilize their losses to pay NO capital gains this year. (I had built up 60M in capital gains) Think about it next time.... tax loss selling can be real helpful. I can imagine nothing worse than paying taxes on money that's evaporated!
regards,
jlex.

It could be worse guys, I WORK in the tech sector and now a number of people that got screwed BIG TIME. THey were granted stock options and once vested, converted them to regular shares... The stock then tanks, but they still pay tax on the conversion... $250K in taxes on money you ain't got!

yeah, but the was only the dumb ones that got screwed that way.
The smart one, or the ones at least smart enough to seek out competent tax planning help, were fine.

I hear you jlex. I almost did that, but was hoping the market would bounce back strong after the election BS. Shoot even with Greenspan's help the market is still poor!

I am heavy in HD these days, I am sure it will bounce back eventually, so I will wait patiently.

There are some strong stocks out there with solid P/Es that are ripe for the taking if you have the cash laying around. I have seen a few articles saying the corporate takeovers of the 80's may come back with these low stock prices..? We will see.

cstreit - A lot of people are getting that burn this year. I have no idea what sympathy the IRS will hold for that scenario.

This year I am going into real estate. I think this will be a good way to diversify.

Thanks!