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Biotech / Medical : Prime Medical Systems, Inc.(PMSI)

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To: Paul Viapiano who wrote (59)3/17/1997 7:48:00 PM
From: Mark Fleming   of 210
 
Paul --

Agreed. While I've had some success picking stocks (and probably anybody who's invested at all in the past several years can make this claim!), I typically buy too early and sell too early. Probably a reflection of my contrarian tendencies. For me at least, trying to chase after the market is a futile exercise. I tried it for awhile and all I got for my added time, money and frustration was lower returns! I look at the "danger" of being too early to the game as a small cost to pay for later gains with minimal effort. What's the alternative? To try and secondguess an irrational market? I can't deny it's still kinda frustrating to see my "darlings" get snubbed like this, but I've found it's much easier if I don't hang on every tick and block trade and try to focus more on the business prospects vs. the stock price. I agree with those who say that the market _eventually_ rewards companies with growing earnings.
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