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Microcap & Penny Stocks : FBCE
FBCE 0.00010000.0%Mar 7 3:00 PM EST
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To: Steven Finkel who wrote (187)2/25/2000 8:42:00 AM
From: gypsees  Read Replies (1) of 365
 
I agree completely! Most of the ones I've sold because of fear of locking in profits would have made me much richer had I held. Example: EBAY, GSPN and RHAT IPO shares. I sold at an extraordinary price, but had I held, I would be a lot happier now. I also bought NSIL very cheap but when it dropped got afraid that I would loose most of the capital. So I sold it at a loss and now it's way above where I bought originally.

But I do have a few I have held for awhile that have helped to show me a good stock will go higher. It's hard sometimes though to keep from selling when the gain is several hundred percent. So I normally hope for a runup where I can sell a small portion of my shares to get my initial investment back, then let the rest run for long term or until something fundamental changes. I don't think this strategy will work with every stock, but I have done pretty well with it. I think that sometime in the future stocks will not run so far so fast.

Also worrisome to me is the NASDAQ setting so many highs, I'm worried that a huge correction is coming. Since I've only been investing 1 1/2 years or so, I'm not sure if my fear is valid or if I am worrying about nothing. Every time we get a large sell-off, it's hard to keep from selling - just in case it's the big drop.
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