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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Bid Buster who wrote (252552)7/29/2003 8:15:30 PM
From: Paul A  Read Replies (1) of 436258
 
hmm wait a second.. I bought GSS today at 2.96.. so Im a clown for buying High? : )

Of course I know most of those comments are just a 'pissing match' re: Isopatch who appears to also be positioning himself in GSS among other things and he has alot of enemies around s/i ( ! ) but anyhow- just for the record, in MOST instances it IS technically better to buy at higher prices then it is to bottom feed and sit and let the money grow old waiting for the stock to come to life..

Sorry.. just had to comment. Since most of my long trades are done via buy stops its obvious I like to buy breakouts and yes, sometimes I get filled at THE high! but the strategy has worked well for years so you may want to rethink the flaw in that. I very very rarely can say I bought something at a low simply because to me that is a long term strategy which to me is nothing short of gambling for huge returns. I need to pay the electric/heating and cant afford to gamble.

Of course I like to short at the high? or wait! I take that back! i usually enter 80% of my short positions with short sell stops!!! heh.. chit.. Im an all around loser in your eyes : )

All in good fun.. Gotta do what works for us as individuals.. and I have no quarrel with you, Isopatch or anyone else.. Just thought id throw that in
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