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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (2555)7/10/2002 6:02:33 PM
From: Peach  Read Replies (2) of 8273
 
Oh marcos, please don't fret. I will not bestow the guru curse on you. LOL!

<< sometimes even being right far too early makes you really really wrong for a long time >>

I know this very well. In 1996 when I began investing I had VERY little money. I had started reading SI and saw talk about a very cheap stock, ZITL. I decided to buy it because I could get more shares for my money. Well, low and behold, I had bought a pump and dump stock (I had no idea such a thing existed!). The very cheap stock went to $78 and then began to fall. I finally realized it was going DOWN and sold at $58. I was lucky. Now I had a stake that I could use for investing! However, it was a while before I finally realized that all stocks don't automatically go up like that... and you can't believe everything you read on an investment board. The "not believing" was the hardest part of the lesson I learned. Anyway, I take responsibility for my decisions and never blame anyone else.

Heck, I hope we both get rich!

;-)
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