COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: freeus who wrote (7104)	10/21/1997 10:59:00 AM
From: Jeffery E. Forrest	Read Replies (4) of 22053

freeus, don't worry about catching the bottoms or tops. It's great fun when it happens, BUT the reason it's so much fun is because it is such a rare occurance. I love my charts for entry/exit points. It's better than darts and alot of fun too. They're like a road map. Sure, you can still get lost, but I'm not going on a trip without one. While we all love to get in at the exact bottom and exit at the top, I think it better to forget the bottom 15-20% and the top 15-20% and scoop out the 60-70% in between. I also try to monitor my emotions for entry/exits. For exiting I use "Jeffery's Dancin' Fool Rule", which states that when a stock has gone up so much, so fast, that you are literally dancing around the room, it might be a good time to think about selling. Using charts and the "fool rule" got me out of IOM, USRX, IMPX, CTN, and many others at the top. I think everyone will agree that selling is the hardest part of this game. That's why you have the Warren Buffett school of investing. It's easier to just buy and hold for life.<g>

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