Judy,
" I make it a policy to not sell at a loss. Besides, there is always hope for the future."
Selling at a loss, not only hit our purse, but also hit the ego. the last is the hardest. trying to hope for future is kind of too emotional. This street is paved in BLACK OR WHITE, no grey.
You either making money or losing money on Sch D. What I am trying to do is if the company's fundalmetnal changed, I admit my mistake and unload, and move on. Street keeps me humble in a way I learned that if I am right 60%, I still making 10% profit.
my philosophy, cut loss short, leave profit long.
That is what I am going to do with this stock: study their competitor, find out more fm peers, if there is not bright market, regards less how much cash they have, regardless of the fact insider buying, I am out |
