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Strategies & Market Trends : 50% Gains Investing

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To: Norm Demers who wrote (9950)8/23/1999 11:56:00 AM
From: SteeliejimRead Replies (1) of 118717
 
How's this for a DUMB move? "I'd rather be lucky than smart," never was more apt. Add in the risks of on-line trading--Oh too easy to push that button, and a lack of sleep last night.

I saw the move in GRIN--a little late, but got in at 8 3/4 for 10 k shares. It moved to 9 1/2 quickly then stalled and started to fall back. With a not-so-good trade in NTRO last week where I kept willing it to go back up on its 2nd day after its IPO and it didn't, I decided to take a profit before it evaporated before my eyes. But, instead of selling 10 k shares, I actually BOUGHT another 10k shares at 9 7/16 which I only discovered when I looked the "Order Status." I believe in bold moves, but I'd rather make them intentionally. I sold the whole lot at 9 7/8. Yeah, I could have made more, cause GRIN went over 10, but I was a little shaken at my blunder, and was happy to get out whole and then some. Whew!

JIm
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