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Day Trader Dave's Journal
Surviving the Dot-Com Crash, One Trade at a Time
PORTFOLIO UPDATE - January 2001:
TOTAL PORTFOLIO: DOWN 65%
Lessons Learned the Hard Way:
1. "This time it's different" = famous last words
2. Pets.com was NOT a good investment
3. P/E ratios of 500x are NOT sustainable
4. Day trading is NOT "free money"
5. My wife was right about the second mortgage
What I'm Watching:
- The Fed keeps cutting rates... bottom soon?
- Amazon might actually survive if they ever turn a profit
- Microsoft antitrust case could go either way
HOLDING STRONG. THE MARKET WILL COME BACK.
(It has to. Please.)
Email Dave | Guestbook
Last updated: January 30, 2001
Surviving the Dot-Com Crash, One Trade at a Time
PORTFOLIO UPDATE - January 2001:
| Stock | Bought | Current | P/L |
| MSFT | $55.00 | $43.38 | -21.1% |
| CSCO | $70.00 | $22.00 | -68.6% |
| AMZN | $85.00 | $15.56 | -81.7% |
| YHOO | $120.00 | $18.75 | -84.4% |
| SUNW | $60.00 | $18.44 | -69.3% |
TOTAL PORTFOLIO: DOWN 65%
Lessons Learned the Hard Way:
1. "This time it's different" = famous last words
2. Pets.com was NOT a good investment
3. P/E ratios of 500x are NOT sustainable
4. Day trading is NOT "free money"
5. My wife was right about the second mortgage
What I'm Watching:
- The Fed keeps cutting rates... bottom soon?
- Amazon might actually survive if they ever turn a profit
- Microsoft antitrust case could go either way
HOLDING STRONG. THE MARKET WILL COME BACK.
(It has to. Please.)
Email Dave | Guestbook
Last updated: January 30, 2001
Guestbook (4 entries)
WebDude2001 2025-08-27 05:30:46
Do you have an ICQ number? Let's chat!
Do you have an ICQ number? Let's chat!
LinkExchanger 2025-08-07 23:23:16
How did you make that scrolling text?
How did you make that scrolling text?
HTML_Guru 2025-08-07 15:29:55
Netscape shows this page weird, works great in IE tho
Netscape shows this page weird, works great in IE tho
HTML_Guru 2025-08-01 20:29:21
This is WAY better than Angelfire pages
This is WAY better than Angelfire pages
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