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Pastimes : Learning To Invest Correctly - A Shared Experience

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To: John Vsetula who wrote (68)	7/25/1998 3:32:00 PM
From: Phil(bullrider)	of 253

John, IMHO, if you have convinced yourself that the stock in a company is a good investment, it would have to gap up a lot for me not to purchase it. Two recent incidents come to mind. I have a friend that always insists on picking a number under where an issue is trading, and enters an order where he would like to buy the stock. On two separate occasions, he has missed stocks by 1/16 of a point. One was HDI, the other was DG. Both ran away from him. I suggested that if he wanted the stock, and was convinced that it was a good investment, even a point or two would not matter in the long haul. Only you can determine whether a company fits your investment style, and only you can determine the price you are willing to pay. Always remember, when it comes to stocks, "That which goes up, does not always come down". Good luck, and have fun, Phil

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