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Technology Stocks : Leap Wireless International (LWIN)
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To: Peter V who wrote (606)11/1/1999 11:57:00 PM
From: Bux  Read Replies (2) of 2737
 
Runs like this just can't be sustained. I'll be watching closely. THis is a good long-term play, but it's always good to take advantage of fast and furious run-ups.

I don't know Peter, "always" is a pretty big word! I was laughing at all the fools that were selling Qualcomm on the way up earlier this year. Alot of people left a lot of profit on the table.

If Leap is so compelling long-term, and I also believe it is, why would you want to take some off the table? Sometimes I think investors feel investing is not enough of a "hands-on" pursuit or if they don't do something, ie. sell and take a profit, then they haven't been successful or they are not the reason there is a profit. I have learned to research my investments thoroughly and, if there is not a fundamental change in the business, leave them alone. Sometimes it is more important to do nothing than to take action.

Too many investers sell the winners and hold the losers. That is not the way to superior returns. Let the winners run. Leap is a winner.

Bux
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