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Strategies & Market Trends : Strictly: Drilling II
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To: waverider who wrote (14978)7/1/2002 10:29:13 AM
From: TheBusDriver  Read Replies (1) of 36161
 
Hey Wave.

I think I am speaking from personal experience. I am a terrible trader. But I think you are not fully understanding my posts either. You have to sell sometime! I took profits in MFL, CBD and BAY. Out of BAY now.

However I reentered MFL and CBD too soon with the way markets are going. Probably should have never sold them in the first place!

Trust me I will sell if the bottom falls out and still come out ahead.

I happen to think we are in a bull market. That being said, everytime I exit a stock that I have held for a long time for a double or more, when I reenter it I am at risk because I have just reentered the stock at the current price. This means I must pay close attention to the price and be prepaired to exit if need be. This is close to trading and a pain in the ass as I have to work for a living too and spend too much time watching the stocks.

I hear what you are saying, all I can say is that ST trading does not work for me. I am a LT trader. It is crazy to buy any of the stocks I buy with the idea I will come back in 10 years to see how they are doing. this is not want I am talking about.

I took my profits about a month ago now. Reenter with some stocks too soon, but they are good ones and I do not intend to sell them unless POG goes lower.

Hope that clears things up a bit. Lot of negativity on SDII towards PM's right now and VT is buying. Positive IMO.

Wayne
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