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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
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To: Drugres. who wrote (4381)8/29/1999 10:57:00 AM
From: Jim Johnson  Read Replies (1) of 4650
 
David,

I agree with most of what you say. I've played both sides of the street, short termer and lifer. I've made money and lost money both ways too. What I personally try to focus on is I buy stock to make money. When I keep that perspective I usually manage to do that. Often I leave money on the table because I get out before the high point, but then I remember that someone bought in at that high point and was sittin on it when the bottom fell. I sometimes grit my teeth after I've sold and see it go higher, but the reality of that type situation is that I typically have made money and usually what is termed good money. A current example is NVXE...I got in at 7 cents, sold enough to get my money back at 18....sold more at 24....sold the balance at 45....then it went to a buck or thereabouts. Yes, it would have been great to ride it to the top, but the reality is I made damn good money and it's in the bank. Another current example is JAWS..I bought in at $1.00....bought more at $1.64...it went to $3.25 and I could have made great profits, but I fell in love with it and became a "lifer" as you term it. A few weeks ago the bubble burst and today it's at 50 cents or so.
I guess what I am saying is to be satisfied taking reasonable profits seems to work the best. No, I'll probably never strike it rich in any one issue, but to double my portfolio value every 6 months aint bad either! For me, the middle of the road works best.

Jim J
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