The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Johnas who wrote (81447)	12/21/1999 7:05:00 PM
From: jas cooper	Read Replies (1) of 90042

To be confident enough in your pick, to ride it down from 28 to 4+ and back up again is great. Whoa! It was from 9 to 4 1/2. History teaches one a great deal. When I buy a stock, I have particular reasons that I did. If it goes down, and my reasoning hasn't changed, I hang on to it. If something changes my reasoning, other than the price, I reevaluate. I try to hang on to a stock for at least a year, if I can. No sense in giving the government more money than I have to. I always seem to dispose of the runaway winners just before they run. I used to do that too. Nothing wrong with taking profits. Now I'll only sell half of any of my shares in a stock. If it goes down, I can always buy them back at a lower price. If it goes up, I just have to keep my avarice in check and be happy with my remaining shares. Sold some ORCL, SUNW, COMS recently. Sure I wish I held them now, but what if the last month or so had turned out different. Then I'd be kicking myself for not selling. Sold HWP in June for 95 then watched it climb to 116. I was sorry until I bought them back in October for <75. And of course who ever talks about their losers?

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