aatkinson -
For what it's worth...
I would agree that you 'lost a hell of a lot of money'!
Notice that in my previous post I did not defend Craig's practice/concept, I simply tried to clarify it, because I thought you didn't 'get' it.
I wouldn't sell half a position, keeping the other half intact. I am either long in a stock, or I sell it, period. I bought ZOLT a few days ago based on my MACD indicator (I'm already up a bunch), and I will sell it when I get a sell signal, or when it goes down 20% from its highest close, whatever happens first.
This may sound cynical, but I don't believe in companies the way some folks do. I've been let down too many times! I like the saying, "Hire a stock to do a job (make you money)... and fire it if it doesn't!".
Loren |
