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Pastimes : ASK Vendit Off Topic Questions

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To: avanti77 who wrote (15423)	10/30/2000 6:25:27 PM
From: Lafayette	Read Replies (1) of 19374

Dear Sndiego, I have printed, read and re-read this, and I thank you for it. Toward the end you give some advice to Investors, as opposed to Traders. May I ask you two questions? You state: Remember to always cut losses at no more than 8%, and NEVER let a gain turn into a loss. Is that 8% from your purchase price or 8% from from its highest point? Further, if I am already underwater by 8% or more, should I bail out now or hold on and wait for the rising tide to lift my boat? (No, I am not trying to make jokes, but I have to smile at least once in awhile.) Again thank you for your advice. Regards, Irene

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