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Post of the Day
February 10, 1999

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Subject: Re: Any "fools" in this boat
Author: shakestheclown

dp50: "I'm getting spanked in the market..."

Thank you sir. May I have another.

This is your only friend in these times dp50.

It's a thirsty blaggard, that darn market is. And it only drinks cash. Yours, ours, anybody that will feed it through the requisite straw, which is a sale during the declining days - not to be confused with the "terrible days" of last Autumn.

"The good news is - you bought a good company. The bad news is, you'll need to exhibit patience to learn why. And that ain't so bad. "

"In the short term, your stocks could get smashed." It's listed right there in the Fool Guides. But, as all of us muse, "can't happen to me. At least not for awhile. Until I got some dough and can stomach giving some back on paper."

Then - SMASH! And we're under water.

Turn over any investor dp50 and you'll see marks left by spankings. The "tell" of the good investor is that the spank lines diminish and become further apart.

The good news is - you bought a good company. The bad news is, you'll need to exhibit patience to learn why. And that ain't so bad.

Today - it likely seems a stick in the eye would be 'bout equal to buying EMC at 108. But if you bought on Fool strategy - you will see 108 again. To tell you it will be next month would be un-Foolish but if you did your homework, like you said, then I bet you can find some reasons.

"The paper loss is your "cost" to find out how the market works. Which means it's a cheap lesson."

The paper loss is your "cost" to find out how the market works. Which means it's a cheap lesson. It is a lesson every investor is given - you were just lucky enough to get it right out of the box. That means your next trades will be done with this boot mark on your skull and the knowledge it leaves. When the lessons over, you'll feel good again and know - stocks do come back.

If you like your stock, and you should, then you can use this time to learn how to manage much worse periods that will occur in the years ahead. Got to happen. It's how this wiley coyote (the market) goes about its business of moving money out of one investors hands and into another. It's how you are going to earn a good return - being the investor that knows what they got and why it's worth keepin' - even when many others tell you the Dragon's coming and he means to burn down your house.

Fear not Dragons - only bad earnings reports.


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