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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Walkingshadow who wrote (4248)1/25/2005 3:18:28 PM
From: MJ  Read Replies (1) of 8752
 
"On one hand, I don't think it is wise to beat yourself up over "lost profits" especially if the trade was successful (profitable). That mindset tends to make it easier to stay in a stock way too long in the future, and then you run the risk of watching a profitable trade turn into a loser. Better to just learn whatever lesson you can, move on, and don't look back. Stop looking at that chart unless you are planning to trade it again soon."

Very appropriate-------bought about 1300 CRIO last year---stock went down decided to hold-----looked at chart yesterday a.m. and thought about buying but did not buy. Today the stock is up 73 cents. IBM will buy the stock for 2.82 per the news in 60 days.

So my best guess on what to do is to sell now rather than hope for another suitor or a higher price from IBM---as appears to be a "done deal". I lose about $350.00 on the whole transaction-----had it targeted much higher but then IBM comes along at this low price.

This is not the way to make money in the market----often people don't talk about their losses----however this is one that is timely. No doubt more of these low priced stocks will be bought out------and people looking for longer term will not share in the future price.

mj
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