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Technology Stocks : ASD Systems, Inc. (ASDS)

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To: Schmedley who wrote (378)12/15/1999 7:53:00 PM
From: Bill Lotozo  Read Replies (1) of 491
 
Well Schmedley, believe me when I say I'm not the least bit smug. I bought 500 ASDS at 22 a few days ago and 500 today at 20. Why? Because I needed to make a stupid investment to average against my better picks. Sometimes I will make a buy like this only because of fear that I sold too early and will miss a big run up. So tomorrow, I don't know. I'm not being rational with this stock. I'm down 20% on this latest foray and based on past experience could wait until I've lost 40% before I sell. I'm thinking about selling tomorrow and take the loss and put my energies in a better company or at least one I have more confidence in but I have no idea what I will actually do. Have you ever gotten into a stock and just kept screwing up, realizing what you were doing but continuing to do it anyway? Happens to me periodically.

I've owned Winstar for a long time and have built up a nice "permanent" holding by playing the peaks & valleys and always keeping a little more for good each time. They are a good company with good leadership and a clear vision of how they will work the internet.

I didn't list the stocks in any particular order, they are just the companies I have investments in. My #1 changes from week to week. Currently my favorites are ISLD, VERT & CMRC, all of which I was very *lucky* to get in very early. I've owned WCII for over four years so it is my longest following.
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