No. of Recommendations: 2
> I hate to be pessimistic, but I am scared that the selling has not ended--but just
> started. I can't imagine a herd of people buying on Monday after such a terrible day
> on Friday.
> I mean, how long should we wait for a bottom? I don't know how much longer I can
> take this before bailing out.

It's terrible that this occured on a Friday because it will now allow investors to focus on their losses and worry about what may come next. Many investors are experiencing the same stress and their thoughts are identical to yours. Those investors will probably sell off quite a bit of stock first thing on Monday morning as the margin calls go out...

I do not know how bad this may get, but keep in mind that investors who have held their stocks through depressions have survived those who panicked and sold low were slaughtered.

Ask yourself if any of the fundamentals have changed in your companies. If they are still the same great companies that you invested in several years ago you'll probably want to hold on. Personally, I will be holding on to my stock Long Term.

Decide what you will do *BEFORE* the markets open on Monday morning and stick to it.


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