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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (50433)9/5/1999 7:51:00 AM
From: oilbabe  Read Replies (1) of 95453
 
While it may be a common investing mistake to sell your winners and hold your losers, it is also a common investing mistake to give up a fast, short term profit in a very volatile stock, only to watch it drift back to your buying point. It is one thing to "know" that you hold a good, undervalued stock, it is another to know that you will realize the profit on it before you have grandchildren (or great grandchildren, depending on your age!) You are a bit harsh in criticizing Rory's choices here. He made some good $$ almost overnight; might he regret that choice when RRC is at $7 in a week? Sure. Might he look real smart when it drifts back toward 4 3?4? Absolutely! My point is that he made a decent investment choice here, and probably does not deserve to be flamed and ridiculed for his choice. Maybe you need to lighten up on that expresso, or is it what you add to the expresso that make you so hostile!!
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