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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.
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To: ENOTS who wrote (939)11/15/1997 9:28:00 PM
From: Emec  Read Replies (2) of 1923
 
ENOTS,
An important point to remember about waiting for a rebound. ATPX has fallen 33% from its high. It now must appreciate 50% to get back there. Yes, it may, eventually. The point, which I think applies whether one considers himself/herself to be a trader or an investor), is this: Cut your losses early when a stock is headed down with no end in sight (at least in the short term) and put your money into something that has a better chance of going in the right direction. I think this stock will go up in the spring (If TPG is on track) In the meantime, I put a lot more money in my pocket at$15/share that I can use elewhere to (hopefully) make money and buy it back cheap in the spring if I so desire. JMP.
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