Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: rocklobster who wrote (18449)	4/8/1998 6:35:00 PM
From: waverider	Read Replies (1) of 95453

Richard, you're gambling. Ask yourself, "Why did I sell FGII?" Were you afraid that it would go down? Had it reached your target (I assume no from your post)? Did you get some bad news about the company? The fact that you got back in at a slightly lower price than you sold for is pure luck. Would you run out on a busy freeway to pick up a $100 bill? FGII is "acting" the way it is because the stock is representing an outstanding corporation. The fact that it continues to move up when all the other service/oil stock seem to be doing nothing is a signal to hang on. Something is up. Think about letting your profits run Richard. It might have felt good to do that little trade (thanks for posting that BTW), but like several of us have said before it feels a whole lot better to watch your profits grow and grow without trying to micromanage every second...trading your capital away. I know we have discussed this before and I know you have gotten contrary opinions on this matter, but consider putting aside some of these great companies for an investment. Nothing wrong with taking a profit of course, unless you like leaving money on the table with a winning hand.

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