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Technology Stocks : Exodus Communications, Inc. (EXDS)

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To: KM who wrote (637)6/18/1999 1:34:00 AM
From: Ken Pomaranski  Read Replies (2) of 3664
 
<< Do you disagree that judicious trading within the known range can increase your profits in the stock? >>

Not at all! if you have the discipline to do it, and it works for you, then great!

What's more common, however, is the following case:

Buy stock at $90
ride stock to $109 (feeling great!)
Panic and sell stock at $67
kick yourself for selling, buy back at $85
drops to $67 again, sell again, swearing off stock forever
watch stock go to $200.

Keep repeating with new stocks until all money is lost.
But every once in a while, on the way, a winner crops in giving false confidence.

kp
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