I find it really ironic that you think getting out is what made you money, while Frank and I think your ability to know when to get in is what made you money.
Hey, I know how to lose money! I started out in "92 using "Value line", got on line and found "Motley Fool", and bought "The Gorilla Game". I then subscribed to Silicon Investor in June of '98. (God, I can't believe it was only a year ago!) ." I bought and sold these "turkeys."
1995
Staples-- bought for $4285 3/95, sold for $3520 5/95
Intuit--Bought for $3825 11/95, sold for $1681 8/96
(ouch! I learned that a good product can be made by a bad company.)
Credence--bought for $5912, 10/95, sold for $2120, 9/96 (ouch!).
1996
Andrew--bought for $6,000, 11/96, sold for $4745, 7/97
1997
3Com--bought for $3300, 1/97 sold for $2400 9/97
SEG--bought for $4966 1/97, sold for $3378, 6/97
Applied Magnetics--bought for $5255, 1/97, sold for $3388, 9/97, (ouch!)
1998
CATP--bought for $12970, 3/98, sold for 11,500 6/98
Gart-- bought for $8100 3/98 sold for $6500 5/98
Manuguistics-- Bought for $5480 4/98 sold for $2307 6/98
(this loss pissed me off at myself)
NETA--bought for $14,172, 3/98 sold for $12,555 6/98
Seibel--bought for $8043 4/98 sold for $6895 6/98
(yeah, Mike, I know I should have held.)
Symatec--bought for $14,400,3/98 sold for $12,400 6/98
Vantive--bought for $6850 4/98, sold for $4867 6/98
SUMMARY
I bought 14 stocks for $103,558
I sold them for $78,256
Average purchase $7397
Average sale $5589
Average loss $1807
Average % loss 24%
What I was doing early, was buying "shiny Pebbles" from "Value Line" , and later, buying a "Basket" from the "Gorilla Game".
But, the key was, I started out with small purchases, and I was able to "pull the plug!"
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