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Technology Stocks : America On-Line: will it survive ...?
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To: yard_man who wrote (3828)7/4/1997 12:53:00 PM
From: Sabrejet   of 13594
 
Barry, in response to your statement: <As MB would say "it's not the losses that kill you it's puny profits." I've certainly found that to be true in retrospect.> I find this angle somewhat content in that it imples holding longer even though one has made a profit. Do you believe in never turning down a profit? How about all those who shorted AOL here at say $35? It drops 2 points and people with this approach believe "...well let's hold on a bit longer..." or a person who bought IBM 10 years ago???

The losses will kill you. The puny profits are what most people make. IF they make money.

I would entertain the opinions of those now who think this issue will never hit 70 or 80 or 90 again! Or even those who never expect to see this at $30 again. What is classified as a non-puny profit? Last week I took the angle not to short this @55. Now I would really like to know at this moment if one is still short, should they cover? If I went long @$60, should I stay long until say ....when???

Don't trust the market. Don't trust the MM's on the Naz. Don't believe what everyone believes. The market does not cater to the norm. You take ANY profit, ANYtime!. You minimize losses and remember everyone has an opinion on what HAS happened.

Rich
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