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Non-Tech : Dawson Science (DWSC)
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To: Pat Buglak who wrote (27)5/21/1997 1:05:00 PM
From: Pullin-GS   of 397
 
I lost my ass on several BBs as well. I learned dissiplin real quick after one or two big losses. But it is sweet to pull in a 5,10,25 bagger every now and then. I've had my yearly one already (15 bagger) I sold 20% of holdings at 12X initial investment. It has "tanked" since then to only a double. I Still hold 50K shares (remember were talking penny stocks here...no big deal) and still hold 7K of warrents. But I just took a 5% loss on another today after I sold. It was'nt moving, so I sold...simple as that. No wishfull thinking. No "lets wait and see what happens tommorrow". No "well it will rebound when it hits X". Just set your in and out price and hold, keeping an eye glued on the charts, and the other eye glued to the intraday real-time chart. Emotion makes these stocks move more than fundies. Technicals are very important. Sometimes you win. Other times you lose. If you can't sleep at night, sell and put it in stocks like USRX, etc. I take breaks from the BBs from time to time.
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