America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Jose Matos who wrote (30548)	9/9/1999 10:57:00 PM
From: Cosmo Daisey	Read Replies (3) of 41369

Jose, I hear you, selling is tough. The market doesn't remember what you paid for your position it only reflects todays value. I sold my large position in May @135 5/8 and have been messing around with small several hundred share positions short term. There is a great book available about the inner game of investing. It reinforces all the rules we are supposed to follow but seldom do. Buy low, sell high, add to winners never losers, take losses quickly, yada yada yada, you know the rules. The market is really simple but we kill ourselves trying to make it complicated. I would suggest reading the book. Actually it should be required reading for all investors who have been fed the same old crap about reading reports, adding to losers and selling the winners. If the balance sheet, blue chip, upgrades, downgrades mattered we would all be instant millionares. Its what you do after you own the stock that matters. Zen in the Market by Eddie Toppel is available @ samuraitrader.com cdaisey@todays-close-is-fair-value.com

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