Compaq Message Board - Msg: 4018018

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Technology Stocks : Compaq

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To: Adam Nash who wrote (24111)	4/9/1998 3:40:00 PM
From: Trader J	Read Replies (1) of 97611

Actually, I hear where you are coming from. I can point at a couple examples that prove how much of an error in judgement that could be. But, if you are averaging down, then you need to place your next entry point, and being unemotional about decisions is extremely important, at least in my opinion. But I remember when I bought AOL on the first day of public trading at $11.00/shr. My friend was very upset at me because I did not tell him right away that it had started trading. It was at 13.5 and he figured the near-term upside was out of the stock. He never bought in. He wanted 500 shares and he never spent the extra $1000 to get it. Do the math, what a mistake. What was even more of a mistake..... Me selling at $15.00 because I didn't like the price action and thought it was going to head south. Big, big, VERY BIG mistake. But I still try and stay unemotional when picking my exit/entry points. And damn if I try not to look back. heh. Human nature. Take care and good luck. Jeff.

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