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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.666-4.9%12:51 PM EST
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To: kili who wrote (339)8/1/1997 1:04:00 PM
From: wfrazee   of 7721
 
Kim -

I'm always happy to see one of my stocks rise in value but then it always makes me nervous too. Sometimes determining when to jump off is a hard decision to make. Bought GM at 36 and sold at 52, AT&T at 25 and sold at 35, WMT at 25 and sold at 32. Note, all those stocks continued on past my sale price and kept climbing but I felt good about securing a good return on my investment. I'm not good at timing so I normally try to buy companies I feel are currently undervalued (S3, ESST, MVIS, GALX) and ride them until the tide turns. I normally set some price goal when I buy the stock and if the stock reaches that point, then I'm out. I'll never cry about a 20 or 30% return, even if the stock continues to go up. I currently have no target price for MVIS because the potential for this company is so huge - I am waiting until the end of the year to see what developes from the development contracts before I decide to take profits or to hold for the double digits.

Good Luck!
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