SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sam who wrote (3276)4/29/2001 4:21:59 PM
From: Apakhabar   of 3414
 
I don't necessarily disagree with you. The key word in your last post is "insist." This is the exact word that ruins both investors and traders. Professionals may take a position and believe in it, but they will always believe the price action more, and so they will keep stop-losses. The idea is that capital must be preserved first and grown second. It has nothing to do with IQ and everything to do with the ego-driven inability to admit a mistake.

I wouldn't criticize you for taking a long position in PLMD and holding it through thick and thin as long as that money is that part of your portfolio reserved for high-risk and high-reward stocks. In other words, money you can afford to lose. But for someone to take a big position in PLMD (especially one on margin) is gambling.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News