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Technology Stocks : PHGI -Perihelion Global, Inc.
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To: creede who wrote (292)11/5/2005 11:05:00 AM
From: Dave54  Read Replies (2) of 827
 
CB, Quite simply before you put your cash on the table have an exit strategy if the trade turns against you, the quicker the better.

You can always buy it back.

Kind of like the produce biz, Say you've got bananas out on display and you get a new shipment. The ones on display are starting to turn brown, if you wait until you sell all the displayed bananas, the ones in the back room will be old by the time the ones on the floor are sold. Your always working a deficit and actually taking more losses. The prudent thing, toss the old and display the new.

First and most important rule in the produce biz-Your first loss is your best loss-same holds true in stocks.

Dave.
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