Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: Threei who wrote (86)	10/17/2000 8:06:07 PM
From: nokomis	Read Replies (1) of 867

ok Vadym..thanks anyway. I'll leave you with a true story of what I once did...and hope that every newbie learns from it. One morning, my SO (significant other) was in the shower, but he had gotten to the morning paper before me and had already perused the 'report on business section'. Knowing I had parked some cash in money market funds and was getting an interest in making my own trading decisions, he had circled in red marker an article where I'd be sure to see it. It said something like "analysts say that if XXXX co. is successful in drilling even 1/3 of their projected holes, the stock price will probably double from here" ...so I immediately picked up the phone and placed an order to buy $90,000 worth of XXXX. That was the top of course and I lost big time. A true story. Again, help them from doing that which I did so ignorantly. Best, NOK - through education first.

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