As a couple fellas who I sent a PM know,
I too would like to have sold some shares
around 1 1/2 today, lighten up a bit--it's
been about a year since I got in and the waiting
is difficult.
But it looks as though I will be holding out for
a much higher price. After I watched an order to
sell half my shares get ignored at 1 3/8, I started
getting pissed off--at etrade, at the MM whoever.
But watching my order just sit there for an hour
from 9:30 to 10:30 gave me a chance to go over in
my head why I bought in a year ago. When I got
in at a buck, I set a little mental target for $3.
So I ask myself, why would I get out now for not
a lot more than what I paid? Now for sure, those
of you who bought in recently and got out today
at 1 1/2 did great, congrats. But I didn't sit in
this for the last year for a very marginal gain.
Anyway, I obviously cancelled my order. I guess
this is what is called investing--holding out
for the reasons you bought in, and not getting
shook out early before you see your target. There
is no doubt I am a suck trader, at least lately,
but let's see if I can make up for it by becoming
a decent investor.
10k shares at an average of a buck, some held
since May 98...hmmm, see ya at no less than $3,
when...I don't know, but at least setting targets
takes the emotion out if it.
That's important. (and really, if Memantine
gets to the finish line, $3 would be a pretty
low target, wouldn't it? ) |
