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Pastimes : Generation Xers--saving and investing strategy

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To: Mike McFarland who wrote (72)6/29/1998 2:49:00 PM
From: Mike McFarland  Read Replies (1) of 100
 
That does it, I am sick of these stinkers,
today I took losses in MAENF, RGEN and PKF,
selling all my shares in these, maybe I can trade
myself back to a decent July with the cash raised,
June was just awful for me. I essentially got
stopped out of these three--which is just crazy
on one or two dollar stocks, because the spread
just creams you, but what the hell, get some of
the junk out of the portfolio.

NTII is the next closest to getting stopped out
technically, but I like it way too much--I think
I can tell the difference between the junk where
there is only hope, and the junky stocks which
truly have prospects.

Very likely I will look back on this a year from
now and regret selling Pakistan, Miramar, and Repligen,
but I just had to draw a line at 60k, I'll preserve
that balance (about 17k of which is cash now) at all costs.
After all, thats 4 times what I started with this year,
not a bad place to draw the line.
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