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Technology Stocks : PairGain Technologies

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To: Chuzzlewit who wrote (5905)	7/2/1997 3:15:00 PM
From: Bill Jackson	of 36349

The reasoning for this move is that I am willing to put only so much money into one position. I usually start off with 50-100k in one position then if I feel very comfortable with this position I will put more in and make a real stance. If the position goes down 10% or less I will double down on that position. If it goes 10% form that point I will put my tail between my legs and get the hell out of there. The hard part of owning a stock is knowing when to sell the damn thing. Look at ASND some of you sold it yesterday after a nice movement and now look at it today. I guess all of us really have to understand what hindsight really means (I should of, could of, would of). As for market timing Paul, what is really a true market timer. We are all market timers we think that the stock is undervalued so we invest in it. We invest before or after earnings reports or we invest before a product comes out to the market. So for being a market timer I guess I do time the market for the best investment. So far it has made me a multi-millionair. And that is why we are all here for.

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