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Casey, become rich & famous by creating the neural stock picker! On IDTI, I would not recommend that someone sell for a big loss anytime in the near future with this stock. But in general, I think one should sell losers soon, although with NASDAQ stocks one has to review one's sell rules in view of the volatility when compared to NYSE stocks (ie. if you have a 7% loss sell rule, with NASDAQ stocks you might want to adjust the rule to a larger % because the stocks do that much routinely in 1 days trading. Others I'm sure would disagree with me. If you miss a sell and you believe in the stock and plan to hold it, you can consider down averaging. But in general, down averaging can be dangerous practice, it should only be done very selectively. Mutual funds have little chance on average of beating the market indicies, so I have little regard for them, I am forced in some 401k plans to own some though. I want to crush the market indicies if possible. Last yr. my portfolio was up 54%, in 1994 +17%, prior to that I had too little % of my assets in stocks for good performance to boost my net worth significantly although I've been investing for 15 years or so. Good luck with our horse, he really is a fine animal. The market has started to languish some, especially techs, so hang on to your hat for a while. |
