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Strategies & Market Trends : Trader J's Inner Circle
NVDA 176.59-3.3%1:49 PM EST
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To: Wes Stevens who wrote (18058)7/26/1999 4:27:00 PM
From: LTK007  Read Replies (3) of 56535
 
Wes I am now down 11k on NPLS--it is only paper loss in a wildly,wildly volatile sector.
When I had HSAC at 23plus I watched it go to 15 and did not double down until on its way back at 21 and ended up taking an overall 19 point gain--these stocks with tiny floats are hell when the market inets go bad--but ENGA and NPLS are not EGGS nor KTEL nor SKYM,they are comers,when a rally comes they will ride it.
I have hardly even looked at my stock prices today,I will never sell a volatile but good stock the has gone too far south when I wasn't looking that is why I generally like to keep 50% cash on the side to
be able to handle a case of being in at the wrong time.
If I sold NPLS for a 11k loss now I would deserve to lose that money----it would be simple admission "I can't take the pain when things turn very red"
I of course would have loved to sell for a 2k loss on NPLS ,but I was down 4k even before I noticed.
When I saw I was down 8k on BKS I took my loss at that point because I knew it was a heavy floated tank that was commencing to sink,they have a way of hitting bottom and staying there--well enough of my
hairsplitting on when to eat a loss or simply carry it.Good Luck,Max
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