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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?

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To: Tai Jin who wrote (588)1/7/1998 4:07:00 AM
From: Michael T Currie  Read Replies (1) of 6931
 
> Mike, I probably won't be buying any more shares unless I have reason to believe that the stock is going to make some dramatic upward movement. What I've read so far has been positive so I'll probably hold for now. But you always have to weigh the potential of your current investment vs all the missed opportunities while your capital is tied up. If a great opportunity presented itself and I was confident that I would profit nicely then I would have no qualms about selling my losers to take advantage of the opportunity. Since I have limited capital I can't afford to invest for the long term, especially if I don't know how long I have to wait

Tai,

Fair enough. Missed opportunities are relative. I try to remember that the greatest investors have latched on to great companies and held them for literally decades. Fisher with Motorola and Buffett with GEICO come to mind. Now, TSIS is no Motorola and I am most definitely no Buffett, but we're trying. Please understand that I am not trying to be argumentative. We simply have different investment styles. I have tried daytrading on a regular basis with some very limited success. The part of my portfolio in which I carry my buy-and-hold stocks has done far better than the trading stock portion, implying that either that there is something to what I am saying or that I am just a poor trader. Probably the latter <g>. At the end of the day, you have to do what works for you.

Mike
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