[geoff]

man oh man. u cannot imagine how hurting i am.

cpwr stock -- down 84%
dell (24K shares) -- down ~50%
nvda -- doing well...been holding since ipo
uti -- doing well
intel -- dogging
amd -- a bit above cost basis
qcom -- doing pretty well

unfortunately, most of my holdings are in cpwr, dell, and intel.

i've averaged my cost basis down, tho, so hopefully its a matter of time.

the close presidential race prolly has a lot to do with it...that and the new energy crunch.

 

[geoff]

Originally posted by ISFAN:
Excuse me but am I reading this wrong. Are you saying you have 24,000 shares of Dell. So what about half a mil and you are driving a cls?

no, you're not reading that wrong. i inherited 13K shares, and purchased the rest.

i drive a cl-s because it's a reasonable car for a daily driver. i also have an 86 porsche 951, heavily modded. i'm not too horribly extravagant with cars.

 

[geoff]

Originally posted by ISFAN:
Geoff and Acura,

I am sorry to hear that you received some of your wealth at the loss of a loved one. In all seriousness.

It is great that you both are wise with your fortune.

thanks isfan. that's pretty damn cool of you.

 

[geoff]

Originally posted by cardinal_creek:
As usual I agree with Fan. I swear you must be my evil twin - just smarter to have settled in FL...

It's only a loss when you SELL. Otherwise, it is only a loss on paper. Optimistically thinking, it is also a chance to save some tax money by selling a stinker.

The rule to take away from this correction is only invest money that you don't need for 2-4 years or more. Keep six months of pay in a money market mutual fund which pays 5% compared to the $hit you get in a standard checking account. This money is too be used for emergencies, vacation, car buying, etc.

So, it is a buying opportunity...

bingo...he's dead right. my losses on paper are staggering, but they're still not realized. i might sell some off to realize some year-end capital losses, but otherwise, hold until i'm at least at cost basis.

thank God i'm not margined. a friend of mine is about 50% margined and he got a few very ugly phone calls. ugh. he has some 'splainin' to do to the wife. d'oh.