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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.
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To: Sergio H who wrote (940)11/15/1997 10:36:00 PM
From: Steve Rison   of 1923
 
Thanks Sergio and ENOTS for not flaming me for my post. I'm still just an amateur at this trading/investing game. I got a hard lesson in the value of protecting capital last year with the likes of SEXI, ADGI, and ISGI/TWTI. Instead of getting out of these when I had some profit, I hung on, watching them decline past my break-even point, hung on, averaged down on ADGI, hung on some more until there was nothing left to hang on to. I realize that none of these can compare to LUNN, since none had actually recorded a profitable quarter, but hope seems to be one of the hardest emotions to overcome, whether for high-risk or relatively low-risk stocks.

Now I really appreciate the value of having a pre-determined exit strategy. One size doesn't fit all, but everyone should have one.

Thanks for all your work in trying to keep us all better informed.

Steve
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