Day Trader Dave's Journal
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.)
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Last updated: January 30, 2001